Suppose the government sets a price floor that is above the equilibrium price for a given good. It can be said that at the price floor, a. both sellers and buyers are satisfied with the quantity that is being exchanged. b. although consumers are purchasing all of the product that they desire at this price, the sellers are not selling all that they desire. c. both sellers and buyers are exchanging the equilibrium quantity of this good. d. although sellers are selling all of the product that they desire at this price, the consumers are not able to buy all that they desire.
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Suppose the government sets a price floor that is above the equilibrium price for a given good. It c...
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