A surplus will occur if a ________ is set ________ the equilibrium price.
A) price floor; below
B) price floor; above
C) price ceiling; above
D) price ceiling; below

Name: A surplus will occur if a ________ is set ________ the equilibrium price. A) price floor; below B) price floor; above C) price ceiling; above D) price ceiling; below
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Question

Quizplus · Accepted Answer

A surplus occurs when a price floor is set above the equilibrium price, leading to a higher price than what consumers are willing to pay, resulting in excess supply.

A Surplus Will Occur If a ________ Is Set ________

A Surplus Will Occur If a Is Set