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TABLE 4-2 -Refer to Table 4-2. Suppose That D₁ and S₂ Are

Question 13

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TABLE 4-2
TABLE 4-2 -Refer to Table 4-2. Suppose that D₁ and S₂ are the demand and supply schedules for Product A. What is the result if the government imposes a price floor of $12? A) a shortage of 9 units B) a shortage of 3 units C) a surplus of 3 units D) a surplus of 9 units
-Refer to Table 4-2. Suppose that D₁ and S₂ are the demand and supply schedules for Product A. What is the result if the government imposes a price floor of $12?


A) a shortage of 9 units
B) a shortage of 3 units
C) a surplus of 3 units
D) a surplus of 9 units

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