15- A market consequence of the establishment of a price floor program is that p

Question

15- A market consequence of the establishment of a price floor program is that price will be: Question 28 options:
a- too low, and an excess supply will result.
b- too low, and a shortage will result.
c- too high, and an excess supply will result.
d- too high, and a shortage will result.
e- below the market equilibrium price. 15- A market consequence of the establishment of a price floor program is that price will be: 15- A market consequence of the establishment of a price floor program is that price will be:
a- too low, and an excess supply will result.
b- too low, and a shortage will result.
c- too high, and an excess supply will result.
d- too high, and a shortage will result.
e- below the market equilibrium price. a- too low, and an excess supply will result. b- too low, and a shortage will result. c- too high, and an excess supply will result. d- too high, and a shortage will result. e- below the market equilibrium price.
a- too low, and an excess supply will result.
b- too low, and a shortage will result.
c- too high, and an excess supply will result.
d- too high, and a shortage will result.
e- below the market equilibrium price.

Explanation / Answer

d- too high, and a shortage will result

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