-Refer to the Graph Above to Answer This Question

question 4

Multiple Choice

-Refer to the graph above to answer this question.Suppose that the government imposes a price floor of $120 and subsequently demand increases by 200.What would be the result?

• A)Price would increase to $140.
• B)There would be a surplus of 200 units.
• C)There would be a shortage of 100 units.
• D)There would be a shortage of 200 units.
• E)The product would be underpriced.

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