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(Figure: Understanding Price Ceilings and Floors) in the Graph, If

Question 138

Multiple Choice

(Figure: Understanding Price Ceilings and Floors) In the graph, if the government sets a price floor of $75, there is a

A) shortage of 600 units.
B) surplus of 600 units.
C) shortage of 800 units.
D) surplus of 800 units.

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