What has been occured If the price floor is set below theequilibrium price? a)th

Question

What has been occured If the price floor is set below theequilibrium price? a)the floor will be ineffective b)there will be a surplus c)quantity demanded will be less than quantity supplied d)there will be a shortage What has been occured If the price floor is set below theequilibrium price? a)the floor will be ineffective b)there will be a surplus c)quantity demanded will be less than quantity supplied d)there will be a shortage a)the floor will be ineffective b)there will be a surplus c)quantity demanded will be less than quantity supplied d)there will be a shortage

Explanation / Answer

a)the floor will be ineffective Not going to achieve anything price is already aboveminimum

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