If a pricing floor is established above the equillibrum price and an event causes supply to shift leftwards thereby increasing the price above the pricing floor, what would the effects be? Would it turn into a pricing ceiling? And what would...

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dapdaddy

If a pricing floor is established above the equillibrum price and an event causes supply to shift leftwards thereby increasing the price above the pricing floor, what would the effects be? Would it turn into a pricing ceiling?
And what would the inefficiencies be?

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