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Answer to Question #129593 in Microeconomics for mcedisi

Question #129593
Which of the following results from an effective price floor? (2)
(1) Equilibrium
(2) Producer surplus
(3) Excess supply
(4) Excess deman
1
Expert's answer
2020-08-17T07:35:33-0400

Which of the following results from an effective price floor?

(1) Equilibrium

(2) Producer surplus

(3) Excess supply

(4) Excess demand

The answer is: (2) Producer surplus and (3) Excess supply

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