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borishaifa [10]
3 years ago
11

Supply

Social Studies
1 answer:
Serjik [45]3 years ago
8 0

Answer:

A price floor set above the market equilibrium price has several side-effects. Consumers find they must now pay a higher price for the same product. As a result, they reduce their purchases or drop out of the market entirely. Meanwhile, suppliers find they are guaranteed a new, higher price than they were charging before.

Explanation:

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