-Refer to the above figure. If the government imposes a price floor of $20
A) the quantity traded will be 150, and the price will be $20.
B) the quantity traded will be 100, and the price will be $20.
C) the quantity traded will be 200, and the price will be $20.
D) none of the above.

Question

-Refer to the above figure. If the government imposes a price floor of $20
A) the quantity traded will be 150, and the price will be $20. 
B) the quantity traded will be 100, and the price will be $20. 
C) the quantity traded will be 200, and the price will be $20. 
D) none of the above.

Quizplus · Accepted Answer

The Answer of 
-Refer to the above figure. If the government imposes a price floor of $20
A) the quantity traded will be 150, and the price will be $20. 
B) the quantity traded will be 100, and the price will be $20. 
C) the quantity traded will be 200, and the price will be $20. 
D) none of the above.

-Refer to the Above Figure