Use the following to answer question:
-(Figure: The Market for Butter)Use Figure: The Market for Butter.If a government price floor of $1.10 is imposed on this market,an inefficiency will result in the form of a _____ of _____ million pounds of butter.
A)surplus;4.5
B)shortage;4.5
C)surplus;3
D)shortage;1.5

Question

Use the following to answer question: 
-(Figure: The Market for Butter)Use Figure: The Market for Butter.If a government price floor of $1.10 is imposed on this market,an inefficiency will result in the form of a _____ of _____ million pounds of butter.
A)surplus;4.5 
B)shortage;4.5 
C)surplus;3 
D)shortage;1.5

Quizplus · Accepted Answer

The Answer of Use the following to answer question: 
-(Figure: The Market for Butter)Use Figure: The Market for Butter.If a government price floor of $1.10 is imposed on this market,an inefficiency will result in the form of a _____ of _____ million pounds of butter.
A)surplus;4.5 
B)shortage;4.5 
C)surplus;3 
D)shortage;1.5

Use the Following to Answer Question