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The Following Diagram Shows a Market in Equilibrium

Question 23

Multiple Choice

The following diagram shows a market in equilibrium.If there was a $3.50 price floor, The following diagram shows a market in equilibrium.If there was a $3.50 price floor, A) the quantity demanded would be 65 units. B) the quantity demanded would be <<AU: Change to 60 units?>>60units. C) there would be a shortage of 60 units. D) there would be a surplus of 60 units.


A) the quantity demanded would be 65 units.
B) the quantity demanded would be <>60units.
C) there would be a shortage of 60 units.
D) there would be a surplus of 60 units.

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