The Following Image Shows a Market Equilibrium

question 9

Multiple Choice

The following image shows a market equilibrium. Suppose the government imposes a price floor of $3 on each unit of the good sold in the market. Which of the following is true in such a case?​ ​
Figure 16.4
​

• A)The cost to consumer-taxpayers increases by $300.
• B)The cost to consumer-taxpayers increases by $600.
• C)The cost to consumer-taxpayers decreases by $300.
• D)The cost to consumer-taxpayers decreases by $600.
• E)The cost to consumer-taxpayers decreases by $150.

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Definitions:

Spiral Cleavage

A type of early embryonic development found in some invertebrates, where cells divide at oblique angles to each other.

Deuterostomes

Deuterostomes are a major group of animals characterized by their embryonic development; in deuterostomes, the anus forms before the mouth during early embryogenesis.

Protostomes

A group in the animal kingdom distinguished by their embryonic development; during gastrulation, the first opening (the blastopore) becomes the mouth.

Developmental Level

A measure of the physical, emotional, cognitive, and social growth that children achieve through the natural maturation process and learning.