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If a government eliminated an effective price floor in a market, all of the following would occur EXCEPT: The supply of the good would increase.

If a government eliminated an effective price floor in a market, all of the following would occur EXCEPT:

The supply of the good would increase.

The quantity demanded would increase.

Answer D: The quantity demanded would increase.

The quantity supplied would decrease.

Answer C: The quantity supplied would decrease.

The price would decrease.

Answer B: The price would decrease.

The surplus would be eliminated.

Answer A: The surplus would be eliminated.

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