The Consequence of a Price Floor Set Below the Equilibrium

question 56

Multiple Choice

The consequence of a price floor set below the equilibrium price is

• A) a surplus,where the quantity demanded exceeds the quantity supplied.
• B) a shortage,where the quantity demanded exceeds the quantity supplied.
• C) a surplus,where the quantity supplied exceeds the quantity demanded.
• D) a shortage,where the quantity supplied exceeds the quantity demanded.
• E) nothing; the price floor will have no impact on the quantity demanded or the quantity supplied.

---

Definitions:

College Students

College Students are individuals enrolled in a college or university program, working towards a degree or certificate.

Attempted Rape

A legal term referring to an unsuccessful attempt to perform a sexual act on another person without their consent, characterized by explicit intent and some steps taken towards committing the act.

Oppression

Oppression involves the systemic and pervasive mistreatment, exploitation, and control of one group by another, often through institutionalized inequality.

Constraints

Limitations or restrictions that impede progress or achievement.