Suppose Demand Is Given By $Q ^ { d } = 500 - 15 P \text { and supply is given by } Q ^ { s } = 5 P$

question 69

Multiple Choice

Suppose demand is given by $Q ^ { d } = 500 - 15 P \text { and supply is given by } Q ^ { s } = 5 P$ . If the government imposes a $30 price floor, the excess supply will be

• A)25
• B)50
• C)100
• D)150

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Definitions:

Jobless Claims

The number of unemployed individuals who are actively seeking employment and have filed for unemployment benefits.

Strike Price

The predetermined price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying security or commodity.

Warrants

Financial instruments that give the holder the right to buy a company's stock at a specified price until the expiration date.

Earnings Per Share

A financial measurement representing the portion of a company's profit allocated to each outstanding share of common stock, indicating company profitability.