Title: Refer to the above figure. A price floor of $60 results in
Post by: trea48 on Mar 3, 2019
Question 1.
Refer to the above figure. If a price floor of $3 was set
• there would be a shortage of 40 units.
• there would be a shortage of 20 units.
• the quantity sold would be 70 units.
• there would be a surplus of 40 units.
Question 2.
Refer to the above figure. A price floor of $60 results in
• a surplus of 100 units.
• a shortage of 200 units.
• a surplus of 200 units.
• a shortage of 100 units.
Title: Refer to the above figure. A price floor of $60 results in
Post by: jackjohnson74 on Mar 3, 2019
Content hidden
Title: Refer to the above figure. A price floor of $60 results in
Post by: trea48 on Mar 3, 2019
Thanks