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    Exam 4: Extensions of Demand and Supply Analysis
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    -Refer to the Above Figure
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-Refer to the Above Figure

Question 185

Question 185

Multiple Choice

  -Refer to the above figure. If a price floor of $5 was set A)  the quantity sold would be 80 units. B)  there would be a surplus of 40 units. C)  there would be a shortage of 40 units. D)  there would be a shortage of 20 units.
-Refer to the above figure. If a price floor of $5 was set


A) the quantity sold would be 80 units.
B) there would be a surplus of 40 units.
C) there would be a shortage of 40 units.
D) there would be a shortage of 20 units.

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