If a Price Floor Is Imposed at $15 Per Unit

question 40

Multiple Choice

If a price floor is imposed at $15 per unit when the equilibrium market price is $12,there will be

• A) no surplus or shortage.
• B) a surplus.
• C) a shortage.
• D) a downward pressure on prices.
• E) an upward pressure on prices.

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Definitions:

Digit Recall

A cognitive task that tests memory and attention by requiring individuals to repeat a series of numbers forwards or backwards.

Vocabulary

The group of words recognized and employed by an individual in a certain language.

Age

the length of time that a person or object has existed or the period during which an organism has lived.

Prospective Memory

Refers to the ability to remember to perform actions in the future, such as remembering to take medication at a certain time.