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    Microeconomics Study Set 9
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    Exam 4: Supply and Demand: Elasticity and Applications
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    Use the Following to Answer Questions
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Use the Following to Answer Questions

Question 1

Question 1

True/False

Use the following to answer questions :
Figure 4-3 Use the following to answer questions : Figure 4-3   -If the government then decides to set a price floor of $20 for the market in Figure 4-3, there is excess supply and 60 units of goods will be purchased.
-If the government then decides to set a price floor of $20 for the market in Figure 4-3, there is excess supply and 60 units of goods will be purchased.

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