-Consider the Above Table

question 265

Multiple Choice

-Consider the above table. Assuming the government imposes a price floor on garbanzo beans of $8, what would be the likely result?

• A) a surplus of 2000 garbanzo beans
• B) a shortage of 2000 garbanzo beans
• C) no change, equilibrium would prevail
• D) The quantity demanded of garbanzo beans would fall to zero.

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Definitions:

Engineering Drawings

Detailed drawings that communicate the specifications, dimensions, materials, and procedures for the manufacture or construction of an object.

Dimensioned

The process of annotating a drawing or a part with measurements for its size, shape, or location, providing necessary details for manufacturing.

Fractional Inches

A measurement unit used in the Imperial system to describe lengths in fractions of an inch, allowing for precise dimensions without resorting to decimal equivalents.

Hundredths

A numerical value equal to one part in a hundred, often used to specify precision in measurements.