AP® Macroeconomics

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Moderate

Price Floor Above Equilibrium

APMACR-LZCKC6

A price floor above equilibrium will result in

A

a greater quantity supplied than quantity demanded.

B

a greater quantity demanded than quantity supplied.

C

a leftward shift of the demand curve.

D

a rightward shift of the demand curve.

E

an increase in the price of complementary goods.