?

AP® Microeconomics

Free Version

Upgrade subject to access all content

Difficult

Price Ceilings and Floors: Effective

APMICR-GVDSXO

Based on the data in the graph above, what would be the effect of a government price floor of \$20?

A

It would create a shortage of 10 pizzas.

B

It would create a surplus of 30 pizzas.

C

It would create a shortage of 30 pizzas.

D

It would create a surplus of 10 pizzas.

E

The price would be determined by the interaction of buyers and sellers.