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Figure 6-15 -Refer to Figure 6-15.Suppose a Price Floor of $4 Is

Question 156

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Figure 6-15 Figure 6-15 -Refer to Figure 6-15.Suppose a price floor of $4 is imposed on this market.As a result, A) buyers' total expenditure on the good decreases by $15. B) the supply curve shifts to the left so as to now pass through the point (quantity = 30,price = $4) . C) the quantity demanded of the good decreases by 30 units. D) the number of units sold in the market will increase by 15 units.
-Refer to Figure 6-15.Suppose a price floor of $4 is imposed on this market.As a result,


A) buyers' total expenditure on the good decreases by $15.
B) the supply curve shifts to the left so as to now pass through the point (quantity = 30,price = $4) .
C) the quantity demanded of the good decreases by 30 units.
D) the number of units sold in the market will increase by 15 units.

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