SwagGirl
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Given the associated quantity demanded, Q1, and quantity supplied, Q2, which of the following describes the quantity Q2−Q1?

A.the surplus resulting from the price floor Pc
B. the shortage resulting from the price floor Pc
C.the surplus resulting from the price ceiling Pc
D. the shortage resulting from the price ceiling Pc

Given the associated quantity demanded Q1 and quantity supplied Q2 which of the following describes the quantity Q2Q1 Athe surplus resulting from the price floo class=

Respuesta :

Answer:

The answer is A. the surplus resulting from the price floor Pc

Step-by-step explanation:

This is because the imposition of a price floor will not cause a shortage.

Answer:

1.Maximum price below the market equilibrium price

2.Producers from low market prices

3.Lead to a shortage as prices are kept from rising to their equilibrium level

4.A price ceiling of $1,000

5.The surplus resulting from the price floor Pc

Step-by-step explanation:

I just took the Price Ceilings and Floors Quick Check

Have a great day/night!

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