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If a Price Floor Is Set at $23 in the Market

Question 61

Multiple Choice

If a price floor is set at $23 in the market shown in the graph: A) some surplus will be transferred from consumers to producers. B) some surplus will be transferred from producers to consumers. C) all producers will be better off. D) all consumers will be better off. If a price floor is set at $23 in the market shown in the graph:


A) some surplus will be transferred from consumers to producers.
B) some surplus will be transferred from producers to consumers.
C) all producers will be better off.
D) all consumers will be better off.

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