If price was set by the government at $11,there would be a price __________,that would cause a ___________ of ______ units.

Name: If price was set by the government at $11,there would be a price __________,that would cause a ___________ of ______ units.
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Question

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A price floor set by the government at $11 would lead to a surplus of 8 units, as it is above the equilibrium price, causing supply to exceed demand.

If Price Was Set by the Government at $11,there Would