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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.8
What happens to the market when a price floor is set below the equilibrium price?
It has no effect on the market.
It leads to a surplus of goods or services.
It encourages more competition among firms.
It reduces the overall efficiency of the market.
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AP Microeconomics - 2.8 The Effects of Government Intervention in Markets
Key terms
Equilibrium Price
Price floor
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About Us
About Fiveable
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Careers
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Terms of Use
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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