Use the following table to answer the next two questions.

-The government has imposed a price control for many agricultural products in an effort to support farmers.In the case of price floor P₂ in the accompanying figure,how much of a disequilibrium in quantity exists?

A) a shortage of 30,000 units
B) a surplus of 120,000 units
C) 30,000 units
D) a surplus of 30,000 units
E) an excess of $3

Question

Use the following table to answer the next two questions.
 
-The government has imposed a price control for many agricultural products in an effort to support farmers.In the case of price floor P₂ in the accompanying figure,how much of a disequilibrium in quantity exists?

A) a shortage of 30,000 units 
B) a surplus of 120,000 units 
C) 30,000 units 
D) a surplus of 30,000 units 
E) an excess of $3

Quizplus · Accepted Answer

The Answer of Use the following table to answer the next two questions.
 
-The government has imposed a price control for many agricultural products in an effort to support farmers.In the case of price floor P₂ in the accompanying figure,how much of a disequilibrium in quantity exists?

A) a shortage of 30,000 units 
B) a surplus of 120,000 units 
C) 30,000 units 
D) a surplus of 30,000 units 
E) an excess of $3

Use the Following Table to Answer the Next Two Questions