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Table 6-2 -Refer to Table 6-2.Which of the Following Statements Is Correct

Question 252

Multiple Choice

Table 6-2
Table 6-2 -Refer to Table 6-2.Which of the following statements is correct? A) A price floor set at $5 will be binding and will result in a surplus of 50 units. B) A price floor set at $5 will be binding and will result in a surplus of 75 units. C) A price floor set at $5 will be binding and will result in a surplus of 125 units. D) A price floor set at $5 will not be binding.
-Refer to Table 6-2.Which of the following statements is correct?

A) A price floor set at $5 will be binding and will result in a surplus of 50 units.
B) A price floor set at $5 will be binding and will result in a surplus of 75 units.
C) A price floor set at $5 will be binding and will result in a surplus of 125 units.
D) A price floor set at $5 will not be binding.

Correct Answer: