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-Refer to the Graph Above to Answer This Question

Question 2

Multiple Choice

-Refer to the graph above to answer this question.What must be true if the quantity currently being purchased is 25? A) There is a price ceiling of $3. B) There is a price floor of $3. C) Equilibrium price is $3. D) Consumers would like to buy 10 more units at a price of $3.
-Refer to the graph above to answer this question.What must be true if the quantity currently being purchased is 25?


A) There is a price ceiling of $3.
B) There is a price floor of $3.
C) Equilibrium price is $3.
D) Consumers would like to buy 10 more units at a price of $3.

Correct Answer:

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