B. With the price floor at $1.05 per pound of butter, how many units do consumers want to buy? How many units do produce
Posted: Sat Feb 19, 2022 2:44 pm
B. With the price floor at $1.05 per pound of butter, how many units do consumers want to buy? How many units do producers want to sell? Is there a surplus or shortage, and how much is it? Price of butter (per pound) $1.20 1.15 5 1.10 1 1.05 1.00 Price floor 0.95 0.90 0.85 D ur 1.60 1.65 1.70 Quantity of butter (billions of pounds)