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    Exam 3: Markets, Organizations, and the Role of Knowledge
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    Based on the Following Diagram If There Were a $3
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Based on the Following Diagram If There Were a $3

Question 1

Question 1

Multiple Choice

Based on the following diagram if there were a $3.00 price floor: Based on the following diagram if there were a $3.00 price floor:   A)  the quantity demanded would be 65. B)  the quantity demanded would be 30. C)  there would be a shortage of 30. D)  there would be a surplus of 30.


A) the quantity demanded would be 65.
B) the quantity demanded would be 30.
C) there would be a shortage of 30.
D) there would be a surplus of 30.

Correct Answer:

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