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6 12 18 24 30 36 42 48 54 60 66 72 Q If the government set a price floor at $15, a. what would

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6 12 18 24 30 36 42 48 54 60 66 72 Q If the government set a price floor at $15, a. what would be the price in this market, and what would be the quantity sold in this market? (10 points b. Would there be a shortage or surplus? (3 points) c. How large would be the shortage/surplus? (3 points) d. what happens to the price as a result of shortage/ surplus? (3 points)

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