Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
trea48 trea48
wrote...
Go to Answer
Posts: 450
Rep: 0 0
5 years ago

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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 40 times
2 Replies
Replies
Answer verified by a subject expert
jackjohnson74jackjohnson74
wrote...
#1
Posts: 384
Rep: 57 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

trea48 Author
wrote...
#2
5 years ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1017 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 9448
  
 5422
  
 856