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mr_godi [17]
2 years ago
10

Assume there is a price floor imposed on a good which is above the equilibrium price. Which of the following changes would reduc

e the size of the surplus?
a. ​ An increase in demand.
b. ​ A decrease in demand.
c. ​ An increase in supply.
d. ​ Any of the above.
Business
1 answer:
jok3333 [9.3K]2 years ago
4 0

Answer:

Answer is option a, i.e. an increase in demand.

Explanation:

When the price floor is imposed on a given good which is found to be above the equilibrium price, the situation of surplus arises as the supply exceeds the demand. In this situation, in order to reduce the size of the surplus, the demand has to be increased. Therefore, the answer is option a, i.e. an increase in demand.

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Peace and prosperity will flourish if we can find the one best way to divide existing resources among nations.
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<h3>What is prosperity?</h3>

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Data Screen Corporation is a highly automated manufacturing firm. The vice president of finance has decided that traditional sta
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Answer:

Answer:

1. MCE = 21.42%

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Explanation:

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