Exhibit 4-6 
In Exhibit 4-6, suppose a price floor is established at $20.00.What is the result?
A) a shortage of 10 units
B) a surplus of 10 units
C) a shortage of 20 units
D) a surplus of 20 units
E) there is no change from the situation that exists at the equilibrium price
Correct Answer:
Verified
Q198: If demand increases and supply decreases,
A)equilibrium price
Q199: If the market for beef cattle was
Q200: Suppose demand increases and supply increases.Which of
Q201: Exhibit 4-7 Q202: Which of the following is correct when Q204: Suppose a market is in equilibrium and Q205: Suppose the current equilibrium price of pizza Q206: If the government imposes a ceiling price Q207: Exhibit 4-7 Q208: A price floor set below the equilibrium
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