Figure 4-15 in Figure 4-15, Suppose a Price Floor Is Established at Is

question 200

Multiple Choice

Figure 4-15
In Figure 4-15, suppose a price floor is established at $20.00. What is the result?

• A) a shortage of 10 units
• B) a surplus of 10 units
• C) a shortage of 20 units
• D) a surplus of 20 units
• E) there is no change from the situation that exists at the equilibrium price

---

Definitions:

Forced Distribution

A performance management system where employee evaluations are distributed along a bell curve, forcing rankings among an employee population.

Performance Feedback

The process where an individual's work performance is assessed and communicated back to them, usually by a supervisor or peer, to improve and develop their professional capabilities.

Differing Perspectives

Variations in viewpoints or opinions among individuals or groups on a particular issue.

Third-Party Intervention

A process where an external entity is involved in resolving disputes, negotiations, or conflicts between parties.