Multiple Choice
Exhibit 4-9 Data on supply and demand 
Suppose a price floor is set by the government above the market equilibrium price. Which of the following will result?
A) There will be a surplus.
B) The quantity demanded will exceed the quantity supplied.
C) The demand curve will shift to the left.
D) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
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