Table 6-3 The Following Table Contains the Demand Schedule and Supply Schedule

question 670

Multiple Choice

Table 6-3
The following table contains the demand schedule and supply schedule for a market for a particular good. Suppose sellers of the good successfully lobby Congress to impose a price floor $2 above the equilibrium price in this market.
-Refer to Table 6-3. How many units of the good are sold after the imposition of the price floor?

• A)5
• B)9
• C)10
• D)15

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Definitions:

Auditory Tube

Also called the eustachian tube; connects the middle ear to the nasopharynx for the equalization of pressure.

Optic Chiasma

A structure in the brain where the optic nerves (II) partially cross, involved in the visual system.

Visual Field

The entire area that can be seen when the eyes are directed forward, including what can be seen peripherally.

Optic Tracts

Nerve pathways traveling from the optic chiasma to the thalamus in the brain, important for the transmission of visual information.