Why Does A Surplus Exist Under A Binding Price Floor?

Sabtu, 06 Agustus 2022

Why Does A Surplus Exist Under A Binding Price Floor?

REGGINA S Agustus 06, 2022 Comment

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Why does a surplus exist under a binding price floor? A) it encourages sellers to produce less of the product. B) it encourages buyers to purchase more of the product. C) it makes the price so high that the quantity supplied exceeds the quantity demanded in the legal market.

Why does a surplus exist under a binding floor. The price floor will have no impact on the quantity demanded or the quantity supplied. At what price level does the labor market reach equilibrium. If a minimum wage is established at $7. 50, what would be the amount of disequilibrium in the labor market? Why does a surplus exist under a binding price floor? It makes the price so high that the quantity supplied exceeds the quantity demanded in the legal market. It makes the price so high that the quantity supplied exceeds the quantity demanded in the legal market. Why does a surplus exist under a binding price floor? It makes the price so low that the quantity demanded exceeds the quantit.