Figure 6-31
-Refer to Figure 6-31.If the government set a price floor at $9,would there be a shortage or surplus,and how large would be the shortage/surplus?

Name: Figure 6-31 -Refer to Figure 6-31.If the government set a price floor at $9,would there be a shortage or surplus,and how large would be the shortage/surplus?
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Question

Figure 6-31 
-Refer to Figure 6-31.If the government set a price floor at $9,would there be a shortage or surplus,and how large would be the shortage/surplus?

Quizplus · Accepted Answer

The Answer is A price floor set at $9 would not be binding,so there would be neither a shortage nor a surplus.

Figure 6-31 -Refer to Figure 6-31.If the Government Set a Price Floor