Examlex

Solved

Use the Following Table to Answer the Next Two Questions

question 1

Multiple Choice

Use the following table to answer the next two questions.
Use the following table to answer the next two questions.    -The government has imposed a price control for many agricultural products in an effort to support farmers.In the case of price floor P₂ in the accompanying figure,how much of a disequilibrium in quantity exists?   A)  a shortage of 30,000 units B)  a surplus of 120,000 units C)  30,000 units D)  a surplus of 30,000 units E)  an excess of $3
-The government has imposed a price control for many agricultural products in an effort to support farmers.In the case of price floor P₂ in the accompanying figure,how much of a disequilibrium in quantity exists?
Use the following table to answer the next two questions.    -The government has imposed a price control for many agricultural products in an effort to support farmers.In the case of price floor P₂ in the accompanying figure,how much of a disequilibrium in quantity exists?   A)  a shortage of 30,000 units B)  a surplus of 120,000 units C)  30,000 units D)  a surplus of 30,000 units E)  an excess of $3


Definitions:

Related Questions