-Refer to the Graph Above to Answer This Question

question 66

Multiple Choice

-Refer to the graph above to answer this question. What would be the result if a price floor is set which is $2 different from the equilibrium price and demand increased by 30?

• A) The price would be above equilibrium and a surplus of 30 would be produced.
• B) The price would be below equilibrium and a shortage of 30 would be produced.
• C) The price would be above equilibrium and a shortage of 30 would be produced.
• D) The price would be below equilibrium and a surplus of 30 would be produced.

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Definitions:

Opposite Charges

Charges that have different electrical signs, one positive and one negative, which attract each other.

Valence Shell

The outermost shell of an atom that contains the electrons most involved in chemical reactions.

Atom

The smallest unit of a chemical element, consisting of a nucleus of protons and neutrons, surrounded by electrons.

Negative Charge

A type of electrical charge characterized by the presence of more electrons than protons in an atom or molecule.