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

Question 32

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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 $10? A) Producers will have produced a surplus of 12 units. B) Consumers will be able to purchase as many units as desired at that price. C) Consumers will face a shortage of 4 units. D) Producers will be able to sell all the units that they desire to at that price.
-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 $10?


A) Producers will have produced a surplus of 12 units.
B) Consumers will be able to purchase as many units as desired at that price.
C) Consumers will face a shortage of 4 units.
D) Producers will be able to sell all the units that they desire to at that price.

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