30
QuizMultiple Choice
Elasticity and Incentives
Question 30 • 2102320-Economics HONORS - Edgenuity Teacher
On this graph, what does the green arrow represent?
Answer
A
an ineffective price floor set above equilibrium causing a surplus.B
an effective price floor set below equilibrium causing a shortage.C
an ineffective price ceiling set above equilibrium causing a surplus.D
an effective price ceiling set below equilibrium causing a shortage.