Refer to Table 6-1. How many units of the good are purchased after the imposition of the price floor?

A) 5
B) 9
C) 10
D) 15

Price Floor

A government- or authority-imposed minimum price that can be charged for a commodity, often set above the equilibrium price, leading to a potential surplus of the product.

Equilibrium Price

The price where the availability of goods in the market equates to the quantity desired by buyers.

Quantity Supplied

The total number of units of a good or service that sellers are willing and able to sell at a given price.