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Figure: Price Floor
-(Figure: Price Floor) Refer to the figure. How much unemployment results from the imposition of a price floor set at $10?

Name: Use the following to answer questions: Figure: Price Floor -(Figure: Price Floor) Refer to the figure. How much unemployment results from the imposition of a price floor set at $10?
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Question

Use the following to answer questions:
Figure: Price Floor 
-(Figure: Price Floor) Refer to the figure. How much unemployment results from the imposition of a price floor set at $10?

Quizplus · Accepted Answer

The price floor set at $10 creates a surplus of 100 units, which leads to unemployment of 100 units.

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