Answer
A
Work Step by Step
The biding price floor imposes by the government creates a surplus. When there is surplus, the quantity supplied is greater than the quantity demanded.
Principles of Macroeconomics 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
1-28516-591-8
ISBN 13:
978-1-28516-591-2
Chapter 6 - Supply, Demand, and Government Policies - Quick Check Multiple Choice - Page 130: 4
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