A current surplus is due to a price floor. If the price floor is removed, a. price
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A current surplus is due to a price floor. If the price floor is removed,
a. price would increase, quantity demanded would increase, and quantity supplied would increase.
b. price would increase, quantity demanded would decrease, and quantity supplied would decrease.
c. price would decrease, quantity demanded would increase, and quantity supplied would decrease.
d. price would decrease, quantity demanded would decrease, and quantity supplied would increase.
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