Suppose the equilibrium price of a gallon of milk is $4. If the government imposes a price floor of $5 per gallon of milk, the
A) quantity supplied of milk falls short of the quantity demanded.
B) quantity supplied of milk exceeds the quantity demanded.
C) supply increases.
D) demand decreases.
E) price of milk remains $4 per gallon.
B
Economics
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A) inflation rate B) the price level C) potential GDP D) the quantity of money E) the unemployment rate
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In a multiplayer game of chicken, natural incentives tend to push the outcome toward the point where payoffs to the two strategies are identical
Indicate whether the statement is true or false
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