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  • Card 4 / 9:
    Identify the most accurate statement. A price floor will have the largest effect if it is set:

    substantially above the equilibrium priceslightly above the equilibrium priceslightly below the equilibrium pricesubstantially below the equilibrium price

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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