A Price Floor Set Above the Equilibrium Price Leads to A(n)________

question 166

Multiple Choice

A price floor set above the equilibrium price leads to a(n) ________.

• A) excess demand for goods in the market
• B) excess supply of goods in the market
• C) increase in social well-being
• D) positive externality

---

Definitions:

Managerial Accounting

The process of identifying, measuring, analyzing, and interpreting financial information for the purpose of improving management decision-making.

Useful Information

Information that is relevant and beneficial for decision-making processes.

Controller's Staff

Individuals who work under the direction of a controller, handling accounting functions such as financial reporting, budgeting, and audit facilitation.

Management Accountants

Professionals who specialize in providing financial data and analysis to managers within organizations to make informed business decisions.