?Strawberries (pounds)
Consider the above table. Assuming the government imposes a price floor on strawberries of $8 per pound, what would be the likely result?
A. No change, equilibrium would prevail.
B. a shortage of 2,000 pounds of strawberries
C. The quantity demanded of strawberries would fall to zero.
D. a surplus of 2,000 pounds of strawberries
Answer: D
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