Figure 6-7 -Refer to Figure 6-7.Suppose a Price Floor of $7 Is

question 69

Multiple Choice

Figure 6-7

-Refer to Figure 6-7.Suppose a price floor of $7 is imposed on this market.As a result,

• A) buyers' total expenditure on the good decreases by $20.
• B) the supply curve shifts to the left so as to now pass through the point (quantity = 40, price = $7).
• C) the quantity of the good demanded decreases by 20 units.
• D) the price of the good continues to serve as the rationing mechanism.

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Actions or laws that are deemed to violate the principles or established precedents laid out in a country's constitution.

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Preconceived judgments or biases against individuals based on their race, often resulting in discrimination and social inequalities.

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