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Table 6-1
the Following Table Contains the Demand Schedule and Supply

Question 59

Multiple Choice

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.
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 Price  (Dollars per unit)   Quantity Demanded  (Units)   Quantity Supplied  (Units)  015011332116399471255156318\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Price } \\\text { (Dollars per unit) }\end{array} & \begin{array} { c } \text { Quantity Demanded } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { (Units) }\end{array} \\\hline 0 & 15 & 0 \\\hline 1 & 13 & 3 \\\hline 2 & 11 & 6 \\\hline 3 & 9 & 9 \\\hline 4 & 7 & 12 \\\hline 5 & 5 & 15 \\\hline 6 & 3 & 18 \\\hline\end{array}
-Refer to Table 6-1. How many units of the good are purchased after the imposition of the price floor?


A) 5
B) 9
C) 10
D) 15

Correct Answer:

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