Exhibit 4-6 -In Exhibit 4-6,suppose a Price Floor Is Established at $20.00.What

question 69

Multiple Choice

Exhibit 4-6
-In Exhibit 4-6,suppose a price floor is established at $20.00.What is the result?

• A)a shortage of 10 units
• B)a surplus of 10 units
• C)a shortage of 20 units
• D)a surplus of 20 units
• E)there is no change from the situation that exists at the equilibrium price