-Refer to the Above Figure $P _ { 1 }$
B)price Floor Has Been Set At Has

question 275

Multiple Choice

-Refer to the above figure.A price control has been set which has led to a surplus.This means that a

• A)price ceiling has been set at \(P _ { 1 }\) .
• B)price floor has been set at \(P _ { 1 }\) .
• C)price ceiling has been set at \(P _ { 2 }\) .
• D)price floor has been set at \(P _ { 2 }\) .

---

Definitions:

Positive Net Income

A financial situation where revenues exceed expenses, resulting in a net profit.

Not Taxed

A classification for income or transactions that are exempt from taxation.

Distributions

In financial contexts, distributions refer to payments made by a fund, account, or security to its shareholders or unit holders, which could include interest payments, dividends, or returns of capital.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.