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The Table Given Below Reports the Quantity Demanded and Supplied

question 24

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The table given below reports the quantity demanded and supplied of a commodity at different prices in a market.Table 3.5
The table given below reports the quantity demanded and supplied of a commodity at different prices in a market.Table 3.5    -Refer to Table 3.5. If government imposes a price floor of $2: A) the price floor will not have an effect. B) the price will fall to $1 because producers will be forced to incur losses. C) demand will increase. D) a surplus will result equal to 20 units. E) a shortage will result equal to 20 units.
-Refer to Table 3.5. If government imposes a price floor of $2:


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