Table 4-A
Use the Following Information About Demand and Supply

question 141

Multiple Choice

Table 4-A
Use the following information about demand and supply schedules to answer the question.
$\begin{array}{lccc}\text { Price } & \mathbf{D}_{\mathbf{1}} & \mathbf{D}_{\mathbf{2}} & \mathbf{S}_{\mathbf{1}}&\mathbf{S}_{\mathbf{2}} \\\$ 12 & 5 & 9 & 19&14 \\\$ 10 & 8 & 12 & 17&12 \\\$ 8 & 11 & 15 & 15&10 \\\$ 6 & 13 & 18 & 13&8 \\\$ 4 & 16 & 21 & 11&6 \\\$ 2 & 18 & 24 & 9&4\end{array}$

-Refer to Table 4-A.Suppose that D₁ and S₂ are the demand and supply schedules for Product A.If the government imposes a price floor of $6:

• A)a shortage of 5 units results.
• B)a surplus of 5 units results.
• C)a shortage of 10 units results.
• D)a surplus of 10 units results.
• E)the floor will have no impact on the quantity of Product A traded.

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Definitions:

Hippocampus

A major component of the brain in humans and other vertebrates, associated with memory formation and spatial navigation.

Thalamus

A structure in the brain that relays sensory and motor signals to the cerebral cortex, and is involved in controlling consciousness and alertness.

Frontal Lobe

One of the four major divisions of the cerebral cortex, involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Spinothalamic Tract

A sensory pathway originating in the spinal cord that transmits information about pain and temperature to the thalamus in the brain.