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When price floor is set above equilibrium price it will result in? (i) Shortage (ii) Surpluses (iii) Equilibrium Question 2Answer a. (i) only b. (i)

When price floor is set above equilibrium price it will result in? (i) Shortage (ii) Surpluses (iii) Equilibrium Question 2Answer a. (i) only b. (i) and (ii) c. (ii) only d. (ii) and (iii)

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