A price floor set above the equilibrium price causes quantity supplied to exceed quantity demanded.

When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity

A price floor set above the equilibrium price is not binding.

Using the data in the table above, the equilibrium quantity and equilibrium price for a cellular telephone

A、

<li>50,000 and $100.</li>

80,000 and $80.

60,000 and $50.

40,000 and $20.

Refer to the figure above. The equilibrium price and quantity for this market are:

A.$2;8.
B.$4;6.
C.$6;4.
D.$8;6.正确答案：$6;4.