The Excess Supply Created When Governments Impose a Price Floor

The excess supply created when governments impose a price floor is:

A) shrinking as the floor rises.
B) the difference between the old quantity supplied and new quantity demanded.
C) the difference between the new quantity supplied and the old quantity demanded.
D) the difference between the new quantity supplied and the new quantity demanded.
E) actually efficient because prices are higher for suppliers.

Correct Answer:

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