Question

When the government imposes a binding price floor,
it causes
a. the supply curve to shift to the left.
b. the demand curve to shift to the right.
c. a shortage of the good to develop.
d. a surplus of the good to develop

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Principles of Economics, 7th Edition (MindTap Course List)
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Author: N. Gregory Mankiw
Publisher: Cengage Learning
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