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​Exhibit 7-12 -Refer to Exhibit 7-12. When the Price Floor Is Implemented

Question 99

Multiple Choice

​Exhibit 7-12 ​Exhibit 7-12 -Refer to Exhibit 7-12. When the price floor is implemented, the price changes to ____ and the output bought by consumers changes to ____. A) ​P<sub>1</sub>; Q<sub>1</sub> B) ​P<sub>2</sub>; Q<sub>1</sub> C) ​P<sub>2</sub>; Q<sub>2</sub> D) ​P<sub>1</sub>; Qs
-Refer to Exhibit 7-12. When the price floor is implemented, the price changes to ____ and the output bought by consumers changes to ____.


A) ​P1; Q1
B) ​P2; Q1
C) ​P2; Q2
D) ​P1; Qs

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