Business, 23.09.2019 18:30 Serenitybella

Which statement is true?
a price floor is below equilibrium price and causes surpluses.
a price floor is above equilibrium price and causes surpluses.
a price floor is below equilibrium price and causes shortages.
a price floor is above equilibrium price and causes shortages.

Answers: 1

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Which statement is true?
a price floor is below equilibrium price and causes surpluses.

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