Figure 6-31 -Refer to Figure 6-31.If the Government Set a Price Floor

question 37

Short Answer

Figure 6-31
-Refer to Figure 6-31.If the government set a price floor at $15,would there be a shortage or surplus,and how large would be the shortage/surplus?

---

Definitions:

CenturyLink

A technology and communications company offering a range of services including network, security, cloud solutions, and voice.

False Imprisonment

The unlawful restraint of another against the person’s will.

Detain

The act of keeping someone in custody or confinement, often by legal authority or power.

False Imprisonment

The unlawful restraint of a person against their will, where no legal justification exists.