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

Question 68

Multiple Choice

If a price floor is set at $23 in the market shown in the graph, the total number of units traded will: A) fall by 20, relative to equilibrium. B) fall by 27, relative to equilibrium. C) fall by 37, relative to equilibrium. D) rise by 10, relative to equilibrium. If a price floor is set at $23 in the market shown in the graph, the total number of units traded will:


A) fall by 20, relative to equilibrium.
B) fall by 27, relative to equilibrium.
C) fall by 37, relative to equilibrium.
D) rise by 10, relative to equilibrium.

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