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$30 S 25 20 Price 15 10 D 50 150 250 Quantity In a competitive market illustrated by the diagram above, a price floor of
$30 S 25 20 Price 15 10 D 50 150 250 Quantity In a competitive market illustrated by the diagram above, a price floor of $10 per unit will result in: O The market stays at equilibrium price of $15 O A shortage of 150 units O A surplus of 150 units O A surplus of 200 units O A shortage of 200 units
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