Select the Correct Equation of the Following Graph

question 49

Multiple Choice

Select the correct equation of the following graph. ​ ​

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Definitions:

Supply Equation

A mathematical expression that describes the relationship between the quantity of a good supplied by producers and the good's price.

Price Floor

A legally imposed minimum price below which a good or service cannot be sold, typically above the equilibrium price, leading to surpluses.

Shortage/Surplus

A market condition where the quantity of a good or service supplied is not equal to the quantity demanded; shortages occur when demand exceeds supply, and surpluses occur when supply exceeds demand.

Price Floor

A government or regulatory-imposed minimum price that can be charged for a good or service.