Suppose the equilibrium price in a market is $5, and the government imposes a $4.50 price floor on the market. This will:
A)create excess supply.
B)create excess demand.
C)shift the demand curve to the right.
D)have no effect on the market.

Question

Quizplus · Accepted Answer

The Answer of Suppose the equilibrium price in a market is $5, and the government imposes a $4.50 price floor on the market. This will:
A)create excess supply.
B)create excess demand.
C)shift the demand curve to the right.
D)have no effect on the market.

Suppose the Equilibrium Price in a Market Is $5, and the Government