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The market is currently in equilibrium where the price is equal to $ 1 7 and quantity is equal to 2 2 0 units. What
The market is currently in equilibrium where the price is equal to $ and quantity is equal to units. What happens when a price floor of $ is placed on this market?
It has no effect.
There are fewer exchanges.
Quantity supplied is greater than quantity demanded.
Quantity demanded is greater than quantity supplied.
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Mostly Harmless Econometrics An Empiricist's Companion
Authors: J D Angrist, Joshua D Angrist
1st Edition
0691120358, 9780691120355
