5130 $120 $110 5100 $90 $80 $70 Price $60 $50 $40 $30 $20 $10 $0 Quantity What is the Equilibrium Price? $30 (> (> What is the Equilibrium Quantity? 80 Suppose the government imposes a price floor of $10 on this good as shown in the graph. This price control will be J (select from this menu} binding or effective. This price control will non-binding or not effective. $130 5120 5110 $100 $90 $80 $70 $60 Price $50 $40 $30 $20 $10 $0 Quantity C) What is the Equilibrium Price? $30 What is the Equilibrium Quantity? 80 Suppose the government imposes a price floor of $10 on this good as shown in the graph. 4} 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. (> What is the Equilibrium Price? $30 C) What is the Equilibrium Quantity? 80 Suppose the government imposes a price floor of $10 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) At the price of $10, how much are producers willing and able to sell? With a price floor of $10, how much will actually be bought and sold in the market? A price floor of $10 will J (select from this menu) This price floor of $10 create a surplus 0f 60 better off. create a surplus of 40 create a surplus of 100 This price floor of $10 create a shortage of 60 worse off. create a shortage of 40 create a shortage of 100 have no effect on the market. 0 E gastate,view,usg.edu 'i'::iuTl..l:e ii] M10 Interactive Quiz - A... 3 M r. ' ZlE'i Home Modules Discussions Assessmentv FacultyToolsv Table of Contents > Module 10 - Why do Governments Intervene in the Market? (Taxes, Subsidies, Price Controls & Quantity Controls) ) M10 Mastering Micro (Assessment) 1 , M10 Interactive Quiz - Analyzing Price Controls on a u .. Graph What is the Equilibrium Price? $30 What is the Equilibrium Quantity? 80 Suppose the government imposes a price floor of $10 on this good as shown in the graph. This price control will be (select from this menu) This price control will (select from this menu) At the price of $10, how much are consumers willing and able to purchase? At the price of $10, how much are producers willing and able to sell? With a price floor of $10, how much will actually be bought and sold in the market? A price floor of $10 will (select from this menu) This price floor of $10 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 $10 This price floor of $10 will make worse off. all producers who want to sell the good only those producers who are still able to sell the good at $10 everyone in the market no one in the market only the government Activity Details ' View the embedded content. What is the Equilibrium Price? $30 What is the Equilibrium Quantity? 80 Suppose the government imposes a price floor of $10 on this good as shown in the graph. This price control will be (select from this menu) This price control will (select from this menu) At the price of $10, how much are consumers willing and able to purchase? At the price of $10, how much are producers willing and able to sell? With a price floor of $10, how much will actually be bought and sold in the market? A price floor of $10 will (select from this menu} This price floor of $10 will make v\" (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 $10 This price floor of $10 will make worse off. all producers who want to sell the good only those producers who are still able to sell the good at $10 everyone in the market no one in the market only the government What is the Equilibrium Price? $30 What is the Equilibrium Quantity? 80 Suppose the government imposes a price floor of $10 on this good as shown in the graph. This price control will be (select from this menu) This price control will (select from this menu) At the price of $10, how much are consumers willing and able to purchase? At the price of $10, how much are producers willing and able to sell? With a price floor of $10, how much will actually be bought and sold in the market? A price floor of $10 will (select from this menu) This price floor of $10 will make (select from this menu) This price floor of $10 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 $10 all producers who want to sell the good only those producers who are still able to sell the good at $10 everyone in the market no one in the market only the government