Table 6-3 – The following table contains the demand schedule…
Table 6-3 – The following table contains the demand schedule and supply schedule for a market for a particular good. Suppose sellers of the good successfully lobby Congress to impose a price floor $5 in this market. Price Quantity Demanded Quantity Supplied $0 15 0 $1 13 3 $2 11 6 $3 9 9 $4 7 12 $5 5 15 $6 3 18 Refer to Table 6-3. How many units of the good are sold after the imposition of the price floor?