Which of the following is a good example of a price floor O

Which of the following is a good example of a price floor? O minimum wage O rent controls scalping regulations. O gas taxes. 1 points Save Answer QUESTION 2 Please refer to the following graph illustrating the market for Skylanders. Assume that S1 represents the supply at the b occurs and S2 represents the supply after a change occurs. Based on this graph, we can most accurately say efore some change S1 Price $9 $8 $7 $6 $5 $4 $3 $2 $1 $0 S2 100 200 300 400 500 600 700 800 900 Save All Answers Save and Subm Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Solution

Q1. Answer is Minimum Wages Q2. Answer is Supply has increase and price has been deceased Q3. Answer is Final equilibrium price is $5 Q4. Answer is There are more sellers in market. Q5. Answer is Shortage of 200 units of wheat. Q6. Answer is Shortage of 580 units of oranges Q7. Answer is Equilibrium price has fallen by $2 Q8. Answer is Surplus of 400 units Q9. Answer is 500 units Q10. Answer is a surplus would develop.