The Following Diagram Shows a Market in Equilibrium

question 39

Multiple Choice

The following diagram shows a market in equilibrium.If there was a $3.00 price floor,

• A)the quantity demanded would be 65 units.
• B)the quantity demanded would be 30 units.
• C)there would be a shortage of 30 units.
• D)there would be a surplus of 30 units.

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Definitions:

DSM-I

The first edition of the Diagnostic and Statistical Manual of Mental Disorders, published by the American Psychiatric Association.

20th Century

A historical era spanning from the year 1901 to 2000, noted for significant developments in technology, politics, and culture.

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A diagnostic method focusing on one dimension or aspect of an issue or disease, often criticized for oversimplifying complex problems.

Medical Diagnosis

A medical diagnosis is the determination of a disease or condition from its signs and symptoms by a healthcare professional.