econ test problems

Refer to the figure. Price (Dollars per Loaf) Supply 3 BBD X Demand 60 80 100 Bread (Loaves per Week) The above figure shows the demand and supply of bread in a local market. If a ceiling of $1 is placed on the price of bread A there will be a 40-loaf weekly shortage. B. the ceiling will not be effective. C there will be a 40-loaf weekly surplus. D. there will be a 20-loaf weekly surplus. E. there will be a 20-loaf weekly shortage. A Moving to another question will save this response. HenenPrice (Dollars per Dozen) 2 Supply Demand 500 750 1000 Eggs Dozens per day) The graph shows the demand and supply of eggs in a local egg market. A price floor of $2 per dozen is placed on eggs. The government agrees to purchase all those eggs that cannot be sold in the ma A. the price of eggs will be less than the equilibrium price. B. the government will spend $500 each day to buy surplus eggs. C. the government will not have to purchase any eggs D. the government will end up purchasing 250 dozen eggs daily E. the government will end up purchasing 500 dozen eggs daily. WR Question 9 07 25 2 18 Moving to another question will save this response. upWage (Dollars per Hour) 10! B D1 D2 10 20 30 40 50 Number of Workers (Millions per Week) supply of labor remains S. Despite the decline in the demand for labor the wage remains $10 per h mains $10 per hour. As a result The graph above depicts labor market conditions in the nation of Lavoro. The initial demand for labor is labeled D1 and the supply curve is S. Currently the equilibrium wage for all workers is $10 per hour. A sharp recession hits Lavoro and the demand for labor falls from DI to D2 while the )A. 10 million workers who want to work at the $10 wage will be unemployed. B. Employers will want to employ 50 million workers but will only be able to hire 30 million. C. 30 million workers who want to work at the $10 wage will be unemployed. D. Employers will want to employ 50 million workers but will only be able to hire 40 million. E. 20 million workers who want to work at the $10 wage will be unemployed. Question 15 of 25 78 > Moving to another question will save this response. 24 5:15 2021-04-22 P W TALK hp delete home end 112 "prt sc