Figure 9.4
-Suppose the market in Figure 9.4 is currently in equilibrium. If the government establishes a price floor of $50, how many widgets will be sold?
A) 20
B) 30
C) 40
D) 50
E) 60

Name: Figure 9.4 -Suppose the market in Figure 9.4 is currently in equilibrium. If the government establishes a price floor of $50, how many widgets will be sold? A) 20 B) 30 C) 40 D) 50 E) 60
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Question

Figure 9.4
-Suppose the market in Figure 9.4 is currently in equilibrium. If the government establishes a price floor of $50, how many widgets will be sold?
A) 20 
B) 30 
C) 40 
D) 50 
E) 60

Quizplus · Accepted Answer

At a price floor of $50, only 20 widgets will be sold because that is the quantity supplied at that price.

Figure 9.4 -Suppose the Market in Figure 9.4 Is Currently in Equilibrium