-Refer to the Graph Above to Answer This Question

question 108

Multiple Choice

-Refer to the graph above to answer this question.What would be the effect of a price floor set $20 below the equilibrium price?

• A)A surplus of 100 units
• B)A shortage of 100 units
• C)200 units would be sold
• D)There would be neither a surplus nor a shortage
• E)300 units would be sold

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