76 236
Assignments Done
Successfully Done
In May 2019

Answer to Question #73533 in Microeconomics for Jennifer

Question #73533
. If the government sets a price floor in the market what is the difference between the quantity demanded versus quantity supplied? What do we call this?
Expert's answer
If the government sets a price floor Qs> Qd
We call this surplus.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions