Use the Following to Answer Questions

question 3

Multiple Choice

Use the following to answer questions:
Figure: Market I
-(Figure: Market I) Look at the figure Market I. If a price floor of $15 is imposed on this market and the government chooses to purchase the surplus, the government must buy _____ units of the good and spend a total amount of _____ on its purchase.

• A) 5; $75
• B) 10; $150
• C) 9; $135
• D) 9; $81

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Definitions:

Computer Technicians

Professionals who specialize in the installation, maintenance, and repair of computer hardware and software, ensuring that computer systems function efficiently.

Automated Systems

Technologies or software designed to operate machines or processes automatically, reducing the need for human intervention.

Qualified People

Individuals who possess the necessary skills, knowledge, and experience required for a particular job or activity.