All Else Equal,if a Price Floor Above the Equilibrium Is

question 69

Multiple Choice

All else equal,if a price floor above the equilibrium is imposed on a market and the government buys the surplus,consumer surplus will _____ and producer surplus will _____.

• A)fall;rise
• B)fall;fall
• C)rise;fall
• D)rise;rise

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Definitions:

Self-Sacrificing

The act of giving up one’s own interests, desires, or well-being for the benefit of others or for a cause.

Native American

Indigenous peoples of the United States, including American Indians, Alaska Natives, and others, each with their own distinct cultures, languages, and histories.

Personal Integrity

Adherence to moral and ethical principles; the quality of being honest and having strong moral uprightness.

Individual Achievement

Personal success or accomplishment attained through one's own skills, effort, or qualities, often in educational or professional contexts.