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Refer to the Accompanying Figure,which Shows Both Short-Run and Long-Run

Question 144

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Refer to the accompanying figure,which shows both short-run and long-run demand and supply curves.If there is a $x binding price floor imposed on a pharmaceutical drug,what will be the amount of the disequilibrium in the short run?
Refer to the accompanying figure,which shows both short-run and long-run demand and supply curves.If there is a $x binding price floor imposed on a pharmaceutical drug,what will be the amount of the disequilibrium in the short run?   A)  There will be a surplus of 1,500,000 units. B)  There will be a surplus of 800,000 units. C)  There will not be a surplus; there will be a shortage. D)  There will be a surplus of 2,000,000 units. E)  There will be a surplus of 500,000 units.


A) There will be a surplus of 1,500,000 units.
B) There will be a surplus of 800,000 units.
C) There will not be a surplus; there will be a shortage.
D) There will be a surplus of 2,000,000 units.
E) There will be a surplus of 500,000 units.

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