Question: 33. (02.08 MC) Use the graph to answer the question that follows. (1 point) Price SW! L .. v Quality In the illustrated scenario, which

33. (02.08 MC) Use the graph to answer the question that follows. (1 point) Price SW! L .. v Quality In the illustrated scenario, which of the following is true about the effects of a price floor? A surplus of the good will be created. A shortage of the good will be created. The amount of producer surplus will decrease. The amount of consumer surplus will increase. There is no change in the consumer or producer surplus. 34. (04.05 MC) Megan and Martha own competing hair salons that are located in the same neighborhood. They are both considering offering their clients discounts in order to increase business. The payoff matrix shows their yearly incomes in thousands of dollars if they offer and do not offer discounts to their customers. Martha Discount No Discount Megan Discount $50, $75 $75, $60 No Discount $35, $90 $70, $85 Is there a Nash equilibrium with this payoff matrix? If so, what is it? (1 point) Martha will offer a discount; Megan will not offer a discount. Martha will not offer a discount; Megan will not offer a discount. Martha will not offer a discount; Megan will offer a discount. Martha will offer a discount; Megan will offer a discount. There is no Nash equilibrium with this payoff matrix

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