28 P 24 20 16 12 8 4 S D 0 0 4 8 12 16 20 24 Q 03. What would be the impact in this market, of a price floor set at $16 a) A market surplus of 7 b) A market surplus of 10 c) A market surplus of 21 d) There would be no impact e) A market shortage of 7 f) A market shortage of 10 g) A market shortage of 21
28 P 24 20 16 12 8 4 S D 0 0 4 8 12 16 20 24 Q 03. What would be the impact in this market, of a price floor set at $16 a) A market surplus of 7 b) A market surplus of 10 c) A market surplus of 21 d) There would be no impact e) A market shortage of 7 f) A market shortage of 10 g) A market shortage of 21
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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