Refer to Table 6-1. If the government imposes a price floor of $450 on this market, then there will be a _______ (shortage or surplus) of ________ two-bedroom apartments.

Refer to Table 6-1.

Refer to Table 6-1.

If the government imposes a binding price ceiling in a market, then the producer surplus in that market

The market for apples is in equilibrium at a price of $0.50 per pound.

A、.    quantity demanded will decrease.
B、.    quantity supplied will increase.
C、.    there will be a shortage of the good.
D、.    the price floor will not affect the market price or output.