A price floor on corn would have the effect of

a. creating a surplus regardless of the level at which the price floor is set

b. creating a surplus supply when the floor is above the equilibrium price

c. creating a shortage when the price floor is set below the equilibrium price

d. creating a shortage regardless of where the price floor is set

e. ensuring a more equitable distribution of the good among consumers

141. When the minimum wage is set above the equilibrium market wage,

a. there will be a shortage of labor at the minimum wage

b. it will have no effect on the quantity of labor employed

c. the unemployment rate will rise

d. the quality of the labor force will increase

e. the unemployment rate will fall