$$\begin{array} { | c | r | c | }
\hline \text { Quantity Demanded } & \text { Price } & \text { Quantity Supplied } \
\hline 52 & \$ 50 & 73 \
\hline 62 & 45 & 62 \
\hline 72 & 40 & 51 \
\hline 82 & 35 & 42 \
\hline 92 & 30 & 33 \
\hline
\end{array}$$ If government set a minimum price of $50 in the market, a

Question

$$\begin{array} { | c | r | c | } 
\hline \text { Quantity Demanded } & \text { Price } & \text { Quantity Supplied } \
\hline 52 & \$ 50 & 73 \
\hline 62 & 45 & 62 \
\hline 72 & 40 & 51 \
\hline 82 & 35 & 42 \
\hline 92 & 30 & 33 \
\hline
\end{array}$$ If government set a minimum price of $50 in the market, a

Quizplus · Accepted Answer

At a price of $50, the quantity demanded is 52 units and the quantity supplied is 73 units, resulting in a surplus of 21 units (73 - 52 = 21).

If Government Set a Minimum Price of $50 in the \hline

If Government Set a Minimum Price of $50 in the
\hline