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Secure https://www.mathxlcom Student PlayerTest asp ?car vas assignment points possible-40&ext; outcomes tool placement-thr s%3 Principles of Economics Quiz: Week 4 Quiz 40 pts This Question: 2 pts 8 of 20 (10 complete) A price floor influences the outcome of a market if it is O A. an incentive for sellers to decrease supply of the good O B. set above the equilibrium price O C. an incentive for buyers to increase demand for the good O D. set below the equilibrium price Click to select your answer Search the web and Windows

Explanation / Answer

Answer:- a price floor influences the outcome of a market if it is ______

Correct Answer:- set above the equilibrium price

Reason:- When the price floor is above the equilibrium level, it can affect the supply and demand of the market

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