$160 $150 $140 $130 $120 $110 $100 $90 $80 $70 $60 $50 $40 $30 $20 $10 $0 Price 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100 Quantity (> What is the Equilibrium Price? $90 What is the Equilibrium Price? $90 C) What is the Equilibrium Quantity? 50 Suppose the government imposes a price floor of $130 on this good as shown in the graph. This price control will be (select from this menu) , This price control will J (select from this menu) create a surplus. create a shortage. have no effect on the market. Quantity Module 10 - Why do Governments Intervene in the Market? (Taxes, Subsidies, Price Controls & Quantity Controls) ) M10 Mastering Micro (Assessment) : , M10 Interactive Quiz - Analyzing Price Controls on a u .. Graph Quantity What is the Equilibrium Price? $90 () 0 What is the Equilibrium Quantity? 50 Suppose the government imposes a price floor of $130 on this good as shown in the graph. 4 This price control will be (select from this menu) This price control will (select from this menu) v At the price of $130, how much are consumers willing and able to purchase? At the price of $130, how much are producers willing and able to sell? () With a price floor of $130, how much will actually be bought and sold in the market? A price floor of $130 will {select from this menu) This price floor of $130 will make \\I (select from this menu) better off all consumers who want to purchase the good only those consumers who are still able to buy the good at $130 Th' ' fl f 'I 'II k '5 pnce our 0 $ 30 W ma 5 all producers who want to sell the good worse off. only those producers who are still able to sell the good at $130 everyone in the market no one in the market only the government ( ) Activity Details ' View the embedded content. Quantity (> What is the Equilibrium Price? $90 What is the Equilibrium Quantity? 50 Suppose the government imposes a price floor of $130 on this good as shown in the graph. 4} This price control will be (select from this menu) 4} This price control will (select from this menu) (5 At the price of $130, how much are consumers willing and able to purchase? At the price of $130' how much are producers willing and able to sell? (> With a price floor of $130, how much will actually be bought and sold in the market? A price floor of $130 will (select from this menu) 7 This price floor of $130 will make ~/ (select from this menu) better off all consumers who want to purchase the good only those consumers who are still able to buy the good at $130 Th' ' fl f 13 '|| k IS price oor 0 $ 0 WI ma 3 all producers who want to sell the good worse off. only those producers who are still able to sell the good at $130 everyone in the market no one in the market only the government Quantity Q What is the Equilibrium Price? $90 What is the Equilibrium Quantity? 50 Suppose the government imposes a price floor of $130 on this good as shown in the graph. 4|} This price control will be (select from this menu) This price control will (select from this menu} 1' At the price of $130' how much are consumers willing and able to purchase? At the price of $130' how much are producers willing and able to sell? (5 With a price floor of $130, how much will actually be bought and sold in the market? A price floor of $130 will (select from this menu) 3 4} This price floor of $130 will make (select from this menu) better off. This price floor of $130 will make J (select from this menu} worse off. all consumers who want to purchase the good only those consumers who are still able to buy the good at $130 all producers who want to sell the good only those producers who are still able to sell the good at $130 everyone in the market no one in the market only the government