Table 6-1 -Refer to Table 6-1. Suppose the Government Imposes a Price

question 344

Multiple Choice

Table 6-1
-Refer to Table 6-1. Suppose the government imposes a price floor of $70 on this market. What will be the size of the surplus in this market?

• A)0 units
• B)400 units
• C)600 units
• D)1000 units

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Definitions:

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Suspicious

Characterized by or inclined to suspect, especially inclined to suspect in a malign manner; distrustful.

Jealous Rage

describes a very intense emotional state involving anger and jealousy, often in interpersonal relationships.

Odd/Eccentric

describes a cluster of personality traits characterized by unusual behaviors, eccentric thoughts, and a lack of social conformism.