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Homework answers / question archive / A price floor above equilibrium will cause a larger surplus when demand is _____ and supply is _____

A price floor above equilibrium will cause a larger surplus when demand is _____ and supply is _____

Economics

A price floor above equilibrium will cause a larger surplus when demand is _____ and supply is _____.

A. elastic; elastic

B. elastic; inelastic

C. inelastic; inelastic

D. perfectly inelastic; elastic

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