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Question 1 of 25 > Table 6-1 The following table contains the demand schedule and supply schedule for a market for a particular good. Suppose

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Question 1 of 25 > Table 6-1 The following table contains the demand schedule and supply schedule for a market for a particular good. Suppose sellers of the good successfully lobby Congress to impose a price floor $2 above the equilibrium price in this market. Price Quantity Quantity (Dollars per Demanded Supplied unit) (Units) (Units) O . N M + In 10 Refer to Table 6-1. Following the imposition of a price floor $2 above the equilibrium price, irate buyers convince Congress to repeal the price floor and to impose a price ceiling $1 below the former price floor. The resulting market price is a. S3 b. $4 O d. $2 Omer leon Key 12:23 P

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