If a Price Floor of $23 Were Placed in the Market

question 88

Multiple Choice

If a price floor of $23 were placed in the market in the graph shown:

• A) a shortage of 37 would occur.
• B) a shortage of 10 would occur.
• C) a shortage of 27 would occur.
• D) None of these would occur.

---

Definitions:

Low-Birth-Weight

A term used to describe babies born weighing less than 2,500 grams (about 5 pounds, 8 ounces), often associated with developmental or health issues.

Caffeine

A stimulant found in coffee, tea, cola, cocoa, and energy drinks, known for its ability to temporarily ward off drowsiness and restore alertness.

Alcohol

A psychoactive substance that is the active ingredient in drinks such as beer, wine, and spirits, known for its ability to alter mood and behavior.

Dieting

The practice of eating and drinking in a regulated manner to achieve or maintain a specific body weight or health goal.