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The Government Has Imposed a Price Control for Many Agricultural

Question 102

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The government has imposed a price control for many agricultural products in an effort to support farmers.In the case of price floor P₂ in the accompanying figure,how much of a disequilibrium in quantity exists?
The government has imposed a price control for many agricultural products in an effort to support farmers.In the case of price floor P₂ in the accompanying figure,how much of a disequilibrium in quantity exists? A) a shortage of 30,000 units B) a surplus of 120,000 units C) 30,000 units D) a surplus of 30,000 units E) an excess of $3


A) a shortage of 30,000 units
B) a surplus of 120,000 units
C) 30,000 units
D) a surplus of 30,000 units
E) an excess of $3

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