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$6.00 $5.50 $5.00 $4.50 $4.00 $3.50 Price $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $0.00 0 10 20 30 40 50 60 70 80 90 100

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$6.00 $5.50 $5.00 $4.50 $4.00 $3.50 Price $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $0.00 0 10 20 30 40 50 60 70 80 90 100 110 120 Quantity Suppose that a price floor of $3 per pound is imposed on the chicken market. And the government decides to purchase the unsold surplus chicken. Under this scenario, the quantity demanded equals to pounds and quantity supplied equals to pounds. O 60; 60 120; 30 100; 40 40; 100

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