Refer to Table 9-17. Looking at the table above, real average hourly earnings in 2015 were

Refer to the above figure. Other things being equal, when the government imposes a price floor at P2, then we would expect

A) the quantity demanded is Q2. B) a surplus will occur. C) price to decline until an equilibrium is achieved at P0. D) consumers to bid against each other for goods and force the price even higher.

Price discrimination is always illegal

a. True b. False Indicate whether the statement is true or false