The surplus created by a price floor will likely be smaller, Business Economics

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The surplus created by a price floor will likely be smaller

The surplus created by a price floor will likely be? smaller if the good is a necessity. larger if the good is addictive. smaller if the good is a luxury. unaffected by the time that has elapsed since the price ceiling is implemented. None of these answers is correct.

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Business Economics: The surplus created by a price floor will likely be smaller

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Business Economics: The surplus created by a price floor will likely be smaller

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