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question 45

Multiple Choice

  -Refer to the graph above to answer this question.What would be the result if an effective price floor is set which is $2 different from the equilibrium price? A) The price would be above equilibrium and a surplus of 60 would be produced. B) The price would be below equilibrium and a shortage of 60 would be produced. C) The price would be above equilibrium and a shortage of 60 would be produced. D) The price would be below equilibrium and a surplus of 60 would be produced.
-Refer to the graph above to answer this question.What would be the result if an effective price floor is set which is $2 different from the equilibrium price?


Definitions:

Parathyroid Gland

Small glands located in the neck behind the thyroid that regulate calcium levels in the blood and bone metabolism.

Milk Production

The biological process by which mammals produce milk from mammary glands to nourish their young.

Prolactin

A hormone produced by the pituitary gland that stimulates milk production in mammals after childbirth.

Oxytocin

A hormone and neurotransmitter involved in childbirth and lactation, also associated with empathy, trust, sexual activity, and relationship-building.

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