-Figure 4-1 Shows the Supply and Demand for Socks

question 55

Multiple Choice

-Figure 4-1 shows the supply and demand for socks.If a price floor of $10 per pair is imposed by the government

• A)there will be a shortage of 14 pairs of socks
• B)there will be a shortage of 10 pairs of socks
• C)there will be neither a shortage nor a surplus of socks
• D)there will be a surplus of 6 pairs of socks
• E)there will be a surplus of 14 pairs of socks

---

Definitions:

Causes

Factors or events that bring about an effect or a change, typically studied in various disciplines to understand phenomena or solve problems.

Systematically Related

Having elements or components that are interconnected and organized in a coherent, logical manner.

Non-Probability Sampling

A sampling method where not all members of the population have an equal chance of participating, often used for convenience or when random sampling is impossible.

Strict Criteria

Rigorous and precise standards or conditions that must be met or followed in the execution of a task or study.