Figure 4-15 In Figure 4-15, suppose a price floor is established at $20.00. What is the result?
A) a shortage of 10 units
B) a surplus of 10 units
C) a shortage of 20 units
D) a surplus of 20 units
E) there is no change from the situation that exists at the equilibrium price

Question

Figure 4-15  In Figure 4-15, suppose a price floor is established at $20.00. What is the result?
A) a shortage of 10 units 
B) a surplus of 10 units 
C) a shortage of 20 units 
D) a surplus of 20 units 
E) there is no change from the situation that exists at the equilibrium price

Quizplus · Accepted Answer

The Answer of Figure 4-15  In Figure 4-15, suppose a price floor is established at $20.00. What is the result?
A) a shortage of 10 units 
B) a surplus of 10 units 
C) a shortage of 20 units 
D) a surplus of 20 units 
E) there is no change from the situation that exists at the equilibrium price

Figure 4-15 in Figure 4-15, Suppose a Price Floor