Complete Table 3.1.Then answer the indicated question. 
Table 3.1 Individual Demand and Supply Schedules
-In Table 3.1,if government held the price at $3,
A) The government would be setting an effective price floor.
B) The shortage would be the same as the quantity demanded.
C) There would be a shortage.
D) The market would be in equilibrium.
Correct Answer:
Verified
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