TABLE 4-2 -Refer to Table 4-2. Suppose That D₁ and S₂ Are

question 13

Multiple Choice

TABLE 4-2

-Refer to Table 4-2. Suppose that D₁ and S₂ are the demand and supply schedules for Product A. What is the result if the government imposes a price floor of $12?

• A) a shortage of 9 units
• B) a shortage of 3 units
• C) a surplus of 3 units
• D) a surplus of 9 units

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