Author Question: A price floor set above the equilibrium price leads to a(n) ________. A) excess demand for goods ... (Read 84 times)

wrbasek0 · **on:** Jun 29, 2018

A price floor set above the equilibrium price leads to a(n) ________.

A) excess demand for goods in the market
B) excess supply of goods in the market
C) increase in social well-being
D) positive externality

Question 2

Suppose eating soybeans leads to less cancer and heart disease. What effect would people eating more soybeans likely have on feed corn (a product also grown on land used to grow soybeans)?

A) The supply of feed corn will decrease.
B) The cost of producing feed corn will increase.
C) The price of feed corn will increase.
D) All of the above.