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

question 25

Multiple Choice

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

• A)excess supply of 27 will occur.
• B)excess supply of 37 will occur.
• C)excess supply of 10 will occur.
• D)no excess supply will occur.

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Definitions:

Radiolaria

Microscopic planktonic marine organisms with intricate silica skeletons, important in paleoclimate studies.

Trypanosomes

Single-celled parasitic protozoans, known for causing diseases like sleeping sickness in humans and animals.

Infect

The process by which organisms, such as bacteria, viruses, fungi, or parasites, enter, invade, and multiply within another organism, causing disease or illness.

Biting Insects

Biting insects are those that pierce the skin of humans or animals to feed on blood; common examples include mosquitoes, flies, and ticks, which can also act as vectors for various diseases.