5
QuizMultiple Choice
Profit
Question 5 of 13 • EAP-Economics and Personal Finance B
The graph shows the price of a good compared to the quantity demanded and the quantity supplied.On this graph, what does the green arrow represent?
Answer
a
an ineffective price floor set above equilibrium causing a surplus.a
an effective price floor set below equilibrium causing a shortage.a
an ineffective price ceiling set above equilibrium causing a surplus.a
an effective price ceiling set below equilibrium causing a shortage.