Question: Please answer below question...................... This Question: 1 pt 1 of 10 (0 complete) The figure to the right illustrates the market for apples in which

Please answer below question......................

Please answer below question...................... This Question: 1 pt 1 of 10 (0

This Question: 1 pt 1 of 10 (0 complete) The figure to the right illustrates the market for apples in which the government has imposed a price floor of $12 per crate. 20 How many crates of apples will be sold after the price floor has been impose ? illion crates of apples per year. (Enter your response as an integer.) Will there be a shortage or surplus? If there is a shortage or surplus, how large will it be? There will e a surplus of illion crates of apples per year. (Enter your response as an integer.) Will apple producers benefit from the price floor? OOOOO Apple producers who are able to sell their apples at the $12 price per crate will benefit. Price Apple producers who are not able to sell their apples will not benefit Total revenue for apple producers as a group will decrease from $242 million to $240 million. X Supply Both a and b. Demand All of the above. 8 12 16 20 24 28 32 36 40 Quantity (millions of crates per year)

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