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Suppose the Equilibrium Price of a Tube of Toothpaste Is

Question 79

Multiple Choice

Suppose the equilibrium price of a tube of toothpaste is $2,and the government imposes a price floor of $3 per tube.As a result of the price floor,


A) quantity demanded decreases.
B) quantity supplied increases.
C) there is a surplus.
D) All of the above are correct.

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