If a Price Floor Is Set at $23 in the Market

question 80

Multiple Choice

If a price floor is set at $23 in the market shown in the graph:

• A) some surplus will be transferred from consumers to producers.
• B) some surplus will be transferred from producers to consumers.
• C) all producers will be better off.
• D) all consumers will be better off.

---

Definitions:

Older Adults

Individuals typically aged 65 years and older, often experiencing the physiological and cognitive changes associated with aging.

Anxiety Disorders

Mental health disorders characterized by significant anxiety and fear that may interfere with daily activities.

Older Adults

Individuals who are in the later phase of life, often considered to be those aged 65 and above.

Selective Optimization with Compensation (SOC) Model

A theory explaining how people can maintain performance in some areas through selection, optimization, and compensation strategies despite losses in other areas.