Mathematics, 07.01.2021 22:50 Chapman645
The graph shows the price of a good compared to the quantity demanded and the quantity supplied
Price Controls Graph 1
Supply
Supply
PF1
PE
PF2
Quantity
Demanded
I Demand
QE Quantity
Quantity
Supplied
On this graph, the top horizontal line represents
O a price floor set above equilibrium
a price floor set below equilibrium
Answers: 2
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The graph shows the price of a good compared to the quantity demanded and the quantity supplied
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