Table 4-B -Refer to Table 4-C

question 95

Multiple Choice

Table 4-B
$\begin{array}{ccc}\text { Price per gallon } &\text { Quantity Demanded }&\text { Quantity Supplied of } \\&\text { (thousands of gallons) }&\text { gasoline (thousands of }\\&&\text { gallons) }\\\$ 4.50 & 600 & 2,000 \\\$ 4.25 & 700 & 1,900 \\\$ 4.00 & 800 & 1,800 \\\$ 3.75 & 950 & 1,700 \\\$ 3.50 & 1,200 & 1,600 \\\$ 3.25 & 1,500 & 1,500 \\\$ 3.00 & 1,800 & 1,400 \\\$ 2.75 & 2,100 & 1,300 \\\$ 2.50 & 2,400 & 1,200\end{array}$

-Refer to Table 4-C.If the government were to remove a $3.50 price floor in the milk market, the result would be:

• A)a decrease in price and increase in the quantity of milk supplied.
• B)a decrease in price and increase in the quantity of milk demanded.
• C)an increase in both price and the quantity of milk supplied.
• D)an increase in both price and the quantity of milk demanded.
• E)no change in price, and the quantity of milk supplied would equal the quantity demanded.

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Definitions:

Parietal

Referring to the parietal bones of the skull or the parietal lobe of the brain, linked with processes such as sensory perception and integration.

Temporal

Relating to time or the temples of the skull.

Frontal

Pertaining to the frontal plane, which divides the body into anterior and posterior sections, or relating to the frontal lobe of the brain.

Anterior Fontanel

The largest and most noticeable soft spot on a baby's skull, allowing for brain growth and situated at the junction of the frontal and parietal bones.