If the equilibrium price is $400 and we put a law on the market that says it can't go lower than $300, this non-binding price floor will leave the market in equilibrium price ceiling will cause a shortage price floor will cause a shortage price celling will cause a surplus price floor will cause a surplus

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If the equilibrium price is $400 and we put a law on the market that says it can't go lower than $300, this non-binding price floor will leave the market in equilibrium price ceiling will cause a shortage price floor will cause a shortage price celling will cause a surplus  price floor will cause a surplus

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