What has been occured If the price floor is set below theequilibrium price? a)the floor will be ineffective b)there will be a surplus c)quantity demanded will be less than quantity supplied d)there will be a shortage What has been occured If the price floor is set below theequilibrium price? a)the floor will be ineffective b)there will be a surplus c)quantity demanded will be less than quantity supplied d)there will be a shortage a)the floor will be ineffective b)there will be a surplus c)quantity demanded will be less than quantity supplied d)there will be a shortage
Explanation / Answer
a)the floor will be ineffective Not going to achieve anything price is already aboveminimum