Respuesta :
Answer:
A surplus
Explanation:
A price floor is the minimum price that can be paid in exchange for goods and services.
A price floor is binding if it is greater than the equilibrium price. In this question, the price floor is binding.
When price floor is greater than the equilibrium price, quantity supplied would increase over demand, this would lead to a surplus in the economy.
I hope my answer helps you
A market is a collection of techniques, companies, processes, social relationships, or infrastructures that allow people to access the service.
While parties can barter products and services, most marketplaces focus on sellers providing items or services to purchasers in return for cash.
The correct answer is A surplus
A price floor is the lowest price at which commodities can be exchanged.
If a minimum price is greater than the required price, it is binding. The price floor is mandatory in this case.
When the minimum price is greater than the required price, the amount produced outweighs demand, the impact of the economic surplus.
To know more about the equilibrium price, refer to the link below:
https://brainly.com/question/13524990
