Price Ceiling and Price Floor Economics Question? Please help!! Thanks!!?

If a price floor above the equilibrium price is imposed by government in a market: a) Shortages of the commodity will develop b) The quantity demanded will exceed the quantity supplied c) The quantity supplied will exceed the quantity demanded d) The free-market equilibrium price and quantity will still be realized show more If a price floor above the equilibrium price is imposed by government in a market:

a) Shortages of the commodity will develop

b) The quantity demanded will exceed the quantity supplied

c) The quantity supplied will exceed the quantity demanded

d) The free-market equilibrium price and quantity will still be realized
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