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X 2A 1 Exam- Requires Respondus LockDown Browser MUGSLIVII JU |1 PUIIly Listen 70 60 Supply (1 50 Price ($s per hour) 2 6 30

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X 2A 1 Exam- Requires Respondus LockDown Browser MUGSLIVII JU |1 PUIIly Listen 70 60 Supply (1 50 Price ($s per hour) 2 6 30 20 10 (4 Demand 1000 2000 3000 4000 5000 6000 7000 8000 Quantity (number of hours of gardening service per month) FIGURE 5-5 Refer to Figure 5-5. Suppose this market for gardening services is in a free-market equilibrium. If the government then imposes a price floor of $50 per hour for gardening services, the result would be A) a loss of economic surplus of the areas 1, 2, 3, and 4. O B) a loss of economic surplus of the areas 2 and 6. MacBook Pro % V & * W # 4 5 6 8

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