When a Price Floor Is Imposed Above the Equilibrium Price

question 6

Multiple Choice

When a price floor is imposed above the equilibrium price of a commodity,

• A) quantity demanded will be greater than quantity supplied for the good.
• B) the quantity demanded by consumers will be greater than at the equilibrium price.
• C) a shortage of the good will develop.
• D) a surplus of the good will develop.

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Definitions:

Academic Achievement

The extent to which a student, teacher or institution has achieved their short or long-term educational goals.

Middle School

An educational institution serving the transitional period from primary to high school, typically for students aged 11 to 14.

Part-Time Employment

Work that is performed for fewer hours per week than a full-time job.

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The accomplishment and success in academic activities at school, often measured by grades, test scores, and other educational milestones.