In the Following Graph, Q_S and Q_D Represent the Supply

question 43

Multiple Choice

In the following graph, Q_S and Q_D represent the supply and the demand curves respectively. Refer to the graph to answer the question.
If the minimum price of the good is set at £2, which of the following is likely to happen?

• A) The minimum price will not affect quantity demanded or supplied as it is set above the equilibrium price.
• B) The total quantity of the good bought and sold in the market will be equal to 200 units.
• C) There will be a surplus of 200 units in the market.
• D) The imports of the good will increase.

---

Definitions:

Liked

The state or condition of being favored, approved, or found agreeable by others, often used in the context of social media interactions.

Constructive Play

Play that involves manipulating materials to build or create something, often fostering learning and development.

Parallel Play

A developmental stage in early childhood where children play alongside each other without interacting directly.

Functional Play

A type of play in young children characterized by activities that involve repetitive motions and serve to practice and master physical and cognitive skills.