Table 6-4
The following table contains the demand schedule and supply schedule for a market for a particular good. Suppose sellers of the good successfully lobby Congress to impose a price floor $3 above the equilibrium price in this market. 
-Refer to Table 6-4. Following the imposition of a price floor $3 above the equilibrium price, irate buyers convince Congress to repeal the price floor and to impose a price ceiling $1 below the former price floor. The resulting market price is
Definitions:
Treasury Stock
Shares that were issued and later reacquired by the issuing company.
Depreciation Expense
The distribution of a physical asset's cost across its life of utility.
Six-month Note
A short-term debt instrument that matures or is due to be paid back within a six-month period.
Cash Flow Per Share
A financial metric that measures a company’s cash inflow generated per share over a certain period.
Q47: For which pairs of goods is the
Q52: Refer to Figure 6-32. If the government
Q152: Define a price floor.
Q246: Suppose the cross-price elasticity of demand between
Q276: Price controls are usually enacted when policymakers
Q414: If the income elasticity of demand for
Q449: Normal goods have negative income elasticities of
Q525: Farm programs that pay farmers not to
Q586: If the cross-price elasticity of two goods
Q640: If the government removes a binding price