A binding price floor will, in the short run, Group of answer choices push the price down as a result of the surplus. create a shortage of the good or service. shift the supply curve to the right. shift the demand curve to the left. increase the quantity supplied and decrease the quantity demanded.
A binding price floor will, in the short run, Group of answer choices push the price down as a result of the surplus. create a shortage of the good or service. shift the supply curve to the right. shift the demand curve to the left. increase the quantity supplied and decrease the quantity demanded.
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 15SQ
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Question
A binding
Group of answer choices
push the price down as a result of the surplus.
create a shortage of the good or service.
shift the supply curve to the right.
shift the
increase the quantity supplied and decrease the quantity demanded.
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