Examlex

Solved

The Data Shows the Demand and Supply for Sugar

question 86

Multiple Choice

The data shows the demand and supply for sugar:
quantity of kilograms (in thousand per week)
The data shows the demand and supply for sugar: quantity of kilograms (in thousand per week)     -Refer to the information above to answer this question.What would happen if the government were to establish an effective price floor of $3 per kilogram of sugar? A) There would be a shortage of 40,000 kilograms of sugar in the market. B) There would be a surplus of 40,000 kilograms of sugar in the market. C) The farmers could sell only 40,000 kilograms of sugar in the market. D) The market would be in equilibrium selling 50,000 kilograms of sugar in the market. E) The farmers would sell all 70,000 kilograms of sugar in the market.
-Refer to the information above to answer this question.What would happen if the government were to establish an effective price floor of $3 per kilogram of sugar?


Definitions:

Dopamine Cells

Neurons that produce and release dopamine, a neurotransmitter involved in reward, motivation, and motor control.

Motor Cortex

The part of the cerebral cortex that plays a role in planning, controlling, and carrying out voluntary movements.

Skilled Control

The ability to efficiently and effectively manipulate tools or interfaces, typically developed through practice and experience.

Anterior Corticospinal Tract

A bundle of nerve fibers that travels from the brain down the spinal cord, involved in the voluntary movement of muscles, especially in the trunk and limbs.

Related Questions