Ask Question
26 April, 12:35

Suppose a price floor is imposed on eggs above their equilibrium price. the likely result will be:

+4
Answers (1)
  1. 26 April, 13:45
    0
    Suppose a price floor is imposed on eggs above their equilibrium price. the likely result will be: a decrease in the quantity of eggs demanded.

    Price floors above equilibrium pricing results in too much supplied but not enough demanded. When you think of the law of demand and what it states is that when there is a high price of something, the demand is typically lower. With items that aren't a necessity, most will wait for items to drop again before purchasing.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose a price floor is imposed on eggs above their equilibrium price. the likely result will be: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers