will buy more. 18 16 14 12 10 8 IS 6 4 D 2 10 12 14 16 18 In the graph above, the equilibrium price is $5 and the equilibrium quantity is 10 units. A price floor is set at $7. At a price of $7, quantity supplied is 14 and quantity demanded is 2. The effect of a price floor is that the market price is $7 and the quantity bought and sold is 2. There is a shortage of 12 units (14-2).Question 10 1 pts If the price floor was set at 2, then what is the quantity sold? Question 11 1 pts If the price floor is set at 3, then there is a surplus of how many units? (Enter 0 if there is not a surplus.) 0