If the government establishes a legal price floor for a good, the result will be a(n)
A: shortage of the good, but only if the floor is equal to the equilibrium price.
B: surplus of the good, but only if the floor is above the equilibrium price.
C: surplus of the good, but only if the floor is below the equilibrium price.
D: shortage of the good, but only if the floor is above the equilibrium price.
A: shortage of the good, but only if the floor is equal to the equilibrium price.
B: surplus of the good, but only if the floor is above the equilibrium price.
C: surplus of the good, but only if the floor is below the equilibrium price.
D: shortage of the good, but only if the floor is above the equilibrium price.
举一反三
- When the price of a good is held above the equilibrium price, the result will be A: Excess demand B: A shortage of the good C: A surplus of the good D: A shortage of the good
- When the price of a good is held above the equilibrium price, the result will be A: Excess demand B: A shortage of the good C: A surplus of the good D: 点击编辑答案内容
- When the price of a good is held under the equilibrium price, the result will be A: Excess demand B: Excess supply C: A surplus of the good D: neither surplus nor shortage of the good
- 中国大学MOOC: When the price of a good is held above the equilibrium price, the result will be
- If the market price of a good is above the equilibrium price ______ A: a surplus will exist, which will put downward pressure on the prices. B: the supply curve will shift to the right as firms rush to take advantage of the high price. C: the demand curve will shift to the left as consumers decrease the quantity they buy. D: the government will intervene to force the price downward. E: a shortage will exist, which will force the price even higher.