Which of the Following Is Correct When a Price Floor

question 91

Multiple Choice

Which of the following is correct when a price floor is set above the equilibrium price?

• A)quantity supplied is less than quantity demanded at the set price
• B)quantity supplied is equal to quantity demanded at the set price
• C)at the set price there will be a shortage
• D)The market price is greater than the price floor
• E)quantity supplied exceeds quantity demanded at the set price

---

Definitions:

Janitorial Department

A department within an organization responsible for maintaining cleanliness, hygiene, and sanitation within the premises.

Square Footage

The area of space measured in square feet, commonly used in real estate to describe the size of a building or room.

Direct Method

A way of preparing the cash flow statement where actual cash receipts and cash payments from operating activities are recorded, showing the sources and uses of cash.

Janitorial Department

A dedicated team or sector within an institution tasked with the upkeep, sanitation, and general maintenance of buildings.