Figure 6-19

-Refer to Figure 6-19. If the government set a price floor at $70, would there be a shortage or surplus, and how large would be the shortage/surplus?

Question

Figure 6-19
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-Refer to Figure 6-19. If the government set a price floor at $70, would there be a shortage or surplus, and how large would be the shortage/surplus?

Quizplus · Accepted Answer

The Answer of Figure 6-19
  ​
-Refer to Figure 6-19. If the government set a price floor at $70, would there be a shortage or surplus, and how large would be the shortage/surplus?

Figure 6-19 ​

Figure 6-19