Table 3.5: the data show the demand and supply for sugar in thousands of kilos.

-Using the data in Table 3.5, how many kilograms of sugar would be sold in the market if the government's price floor is set at $3 per kilogram?

Question

Table 3.5: the data show the demand and supply for sugar in thousands of kilos.
 
-Using the data in Table 3.5, how many kilograms of sugar would be sold in the market if the government's price floor is set at $3 per kilogram?

Quizplus · Accepted Answer

At a price floor of $3 per kilogram, the quantity supplied is 30,000 kilograms.

Table 35: the Data Show the Demand and Supply for Sugar