a. Price floors create surpluses if they are set b. Which of the following are price floors? price controls on staples, e.g., bread a minimum unit price on alcohol an agricultural price support above ▼ the equilibrium price.

a. Price floors create surpluses if they are set b. Which of the following are price floors? price controls on staples, e.g., bread a minimum unit price on alcohol an agricultural price support above ▼ the equilibrium price.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 11SCQ: Select the correct answer. A price floor will usually shift: demand supply both neither Illustrate...

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Question

a. Price floors create
surpluses
if they are set
b. Which of the following are price floors?
price controls on staples, e.g., bread
a minimum unit price on alcohol
an agricultural price support
rent control
above the equilibrium price.

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