Multiple Choice
Figure 6-2
This figure shows the market demand and market supply curves for good X. 
-Refer to Figure 6-2.If the government imposes a price floor of $3 on this market,then there will be
A) no surplus.
B) a surplus of 10 units.
C) a surplus of 15 units.
D) a surplus of 20 units.
Correct Answer:
Verified
Related Questions
Q168: Define a price floor.
Q172: Define a price ceiling.
Q175: When a price ceiling is binding, is
Q178: When a price floor is binding, is