Use the Following Figure to Answer the Question

question 244

Multiple Choice

Use the following figure to answer the question :
-If the government set a price floor at $18

• A)there would be a temporary surplus, then prices would fall to equilibrium.
• B)the price floor would not have any effect on this market.
• C)then quantity demanded would be greater than quantity supplied.
• D)there would be a permanent surplus, at least until the price floor was lifted.

---

Definitions:

Richard Walton

Often associated with the field of labor relations and organizational behavior, known for his contributions to conflict resolution and negotiation.

Fraternal Twins

Twins that develop from two different eggs fertilized by two different sperm, making them genetically similar as typical siblings rather than identical.

Identical Twins

Twins that develop from a single fertilized egg, sharing the same genetic material.

Fertilized Egg

The cell that results from the union of an egg and a sperm, marking the beginning of a new organism's development.