Refer to Table 3.1 to answer the following questionTable 3.1 Individual Demand and Supply SchedulesQuantity Demanded byPriceAlejandroBenCarlMarket$8.00842________6.001244________4.002046________2.002246________Quantity Supplied byPriceAveryBrandonCassandra $8.006046________$6.004244________$4.002442________$2.00640________In Table 3.1, if government held the price at $3,

A. The government would be setting an effective price floor.
B. The shortage would be the same as the quantity demanded.
C. The market would be in equilibrium.
D. There would be a shortage.


Answer: D

Economics

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