contestada

f the government put a price floor of $ 11.75 $11.75 on both of the markets, which market would have a greater surplus or shortage? They would have the same size shortage. The market for cat food would have a bigger surplus. They would have the same size surplus. The market for cat food would have a bigger shortage. The market for snake oil would have a bigger surplus. There is not enough information to answer the question. The market for snake oil would have a bigger shortage.

Respuesta :

Answer:

There is not enough information to answer the question

Explanation:

Indeed there isn't enough information to answer this question since it doesn't state details such as;

  1. The initial quantity of supply,
  2. The initial price of price products

This information are necessary to determine how price floor laws imposed by governments affect the market of commodities.

Otras preguntas