Use the Following to Answer Question

question 113

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 $1.20 is imposed on this market,an inefficiency will result in the form of a _____ of _____ million pounds of butter.

• A)surplus;4.5
• B)shortage;4.5
• C)surplus;1.5
• D)shortage;1.5

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Definitions:

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An antiseptic solution applied to the hands to reduce or eliminate harmful microorganisms, used as a substitute for soap and water.