Use this image to answer the following question. When government sets a price for a good below equilibrium, there will be
A. economic growth
B economic loss
C a shortage
D a surplus

Use this image to answer the following question When government sets a price for a good below equilibrium there will be A economic growth B economic loss C a s class=

Respuesta :

The correct answer is C.
By setting the price for the good below equilibrium the government has put into place a price floor which as a result leads to a shortage. Since now there will be more demand than the supply available.