Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q3: If demand is represented by Qd =
Q4: Markets can give a buyer everything a
Q4: Tom and Jerry have been roommates for
Q5: Assume the market for pencils is competitive,
Q6: The demand and supply curves in the
Q7: Assume the demand function for scooters is
Q8: Faith and Hope are 30 year old
Q9: According to Ronald Coase, allocation of resources
Q10: Price controls on gasoline:<br>A) increase consumer surplus
Q23: What are externalities and why is Ronald