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Figure 4-15 in Figure 4-15, Suppose a Price Floor

Question 129

Multiple Choice

Figure 4-15 Figure 4-15 In Figure 4-15, suppose a price floor is established at $20.00. What is the result? A) a shortage of 10 units B) a surplus of 10 units C) a shortage of 20 units D) a surplus of 20 units E) there is no change from the situation that exists at the equilibrium price In Figure 4-15, suppose a price floor is established at $20.00. What is the result?


A) a shortage of 10 units
B) a surplus of 10 units
C) a shortage of 20 units
D) a surplus of 20 units
E) there is no change from the situation that exists at the equilibrium price

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