Marwan Salahuddin TEOWUPR Chapter 5 6318 1131 AM Score 067 o

Marwan Salahuddin TEOWUPR! Chapter 5 &63/18 1131 AM Score: 0.67 of 1 pt Save 2 of 10 (8 complete) 5.1 Study Exercise 9 (Algo) Consider the market for some product X that is represented by tho demand-and-supply dingram to the right a. With an initial equilibrium at (p.Q)if the govenment decides to impose a price ??, score: 66.67%, 6.67 of 10 pts EQuestion Help celling equal to p2, the price the quantity exchanged decreasos Pt and the market efficiency decreases b. With an initial equilibrium at (p .), if the government decides to impose a price floor equal to P2. the price will not change the quantity oxchanged will not change and the market efficiancy will not change rrect nswers Question is complete Ta on th red indic tors to All parts showing

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All options selected by you are right. Note here price floor is not binding since market always pays more price