Refer to the above figure. A price floor of $60 results in

A) a shortage of 100 units.
B) a shortage of 200 units.
C) a surplus of 100 units.
D) a surplus of 200 units.


C

Economics

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Who gains from a law requiring people who want to enter the taxicab business to prove they are thoroughly competent, honest, and reliable before they can obtain a license?

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If desired spending is less than output, then firms:

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