Use the Following to Answer Question

question 171

Multiple Choice

Use the following to answer question:
-(Figure: The Market for Butter) Use Figure: The Market for Butter.If a government price floor of $1.30 is imposed on this market,an inefficiency will result in the form of a _____ of _____ million pounds of butter.

• A)surplus;4.5
• B)surplus;6.0
• C)shortage;6.0
• D)shortage;4.5

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Definitions:

Input

The information, ideas, or material provided or utilized for processing or production purposes.

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The ability of employees to generate innovative ideas and solutions within the work environment.

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