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:

Supercomputers

High-performance computing systems designed for complex computational tasks, often used in scientific and engineering calculations.

UNIX

An operating system originally conceived in 1969 by Ken Thompson and Dennis Ritchie of AT&T’s Bell Labs. In 1974, the UNIX code was rewritten in the standard programming language C. Today there are various commercial versions of UNIX.

BIOS

Basic Input/Output System, a firmware interface that initializes and tests hardware during the startup process, prior to the operating system loading.

Boot Process

The sequence of events that occurs within a computer system from power-on until the operating system is fully loaded and the user can interact with the system.