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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.8
Which of the following statements accurately describes the impact of a price floor?
A price floor can lead to a surplus of goods or services.
A price floor always leads to a shortage in the market.
A price floor has no effect on the market if it is set above the equilibrium price.
A price floor reduces the overall efficiency of the market but increases consumer surplus.
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AP Microeconomics - 2.8 The Effects of Government Intervention in Markets
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Price floor
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About Us
About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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