01 Review If a price floor were set at the prices listed below, in which case would the floor be binding> Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 40 b 50 C 60 Show Submitted Answer Show Correct AnswerQ2 Review If a price ceiling of 40 were set in this market, which of the following would be true? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a There would be an excess supply equal to 360 b There would be a shortage equal to 360 C There would be an excess supply equal to 240 There would be a shortage equal to 240Q4 Review If a price ceiling of 40 were set in the market, what would be the new CS (approximately)? Select an answer and submit. For keyboard runligation, we the up/down arrow keys to select an answer. 6000 b 7800 C B400 d 9200