Q. A binding price floor causes
A) Surplus supply of goods
B) Excess demand for the goods
C) No demand for the goods
D) Less supply of goods
✔ Correct Answer: Surplus supply of goods
Exam Insight
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A) Surplus supply of goods
B) Excess demand for the goods
C) No demand for the goods
D) Less supply of goods
✔ Correct Answer: Surplus supply of goods
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