When a price floor is set higher than the market price for a product, what will result?
The quantity supplied will exceed the quantity demanded.
The quantity demanded will exceed the quantity supplied.
The quantity demanded and the quantity supplied will be equal.
The quantity supplied and the quantity demanded will be unaffected.
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Home » Business » When a price floor is set higher than the market price for a product, what will result? The quantity supplied will exceed the quantity demanded. The quantity demanded will exceed the quantity supplied.