The excess supply created when governments impose a price floor is:
A. shrinking as the floor rises.
B. the difference between the old quantity supplied and new quantity demanded.
C. the difference between the new quantity supplied and the old quantity demanded.
D. the difference between the new quantity supplied and the new quantity demanded.
Answer: D
Economics
You might also like to view...
What is a major difference between an operating budget and a capital budget?
What will be an ideal response?
Economics
Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.
Figure 23.11Refer to Figure 23.11. On this graph, 4 represents the
A. multiplier. B. break even income level. C. MPS. D. MPC.
Economics