Refer to the accompanying figure. At the price of the binding price floor, by how much would the quantity supplied change from the market equilibrium?
A) The quantity supplied would increase by 32,000 units.
B) The quantity supplied would decrease by 18,000 units.
C) The quantity supplied would increase by 30,500 units.
D) The quantity supplied would decrease by 30,500 units.
E) The quantity supplied would decrease by 32,000 units.

Question

Refer to the accompanying figure. At the price of the binding price floor, by how much would the quantity supplied change from the market equilibrium? 
A) The quantity supplied would increase by 32,000 units. 
B) The quantity supplied would decrease by 18,000 units. 
C) The quantity supplied would increase by 30,500 units. 
D) The quantity supplied would decrease by 30,500 units. 
E) The quantity supplied would decrease by 32,000 units.

Quizplus · Accepted Answer

The Answer of Refer to the accompanying figure. At the price of the binding price floor, by how much would the quantity supplied change from the market equilibrium? 
A) The quantity supplied would increase by 32,000 units. 
B) The quantity supplied would decrease by 18,000 units. 
C) The quantity supplied would increase by 30,500 units. 
D) The quantity supplied would decrease by 30,500 units. 
E) The quantity supplied would decrease by 32,000 units.

Refer to the Accompanying Figure