{"id":1157,"date":"2017-10-13T10:03:56","date_gmt":"2017-10-13T04:03:56","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/suppose-market-demand-and-supply-are-given-by-qd-100-2p-and-qs-5-3p-if-the-government-sets-a-price-floor-of-30-and-agrees-to-purchase-all-surplus-at-30-per-unit-the-total-cost-to-the-gover\/"},"modified":"2017-10-13T10:03:56","modified_gmt":"2017-10-13T04:03:56","slug":"suppose-market-demand-and-supply-are-given-by-qd-100-2p-and-qs-5-3p-if-the-government-sets-a-price-floor-of-30-and-agrees-to-purchase-all-surplus-at-30-per-unit-the-total-cost-to-the-gover","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/suppose-market-demand-and-supply-are-given-by-qd-100-2p-and-qs-5-3p-if-the-government-sets-a-price-floor-of-30-and-agrees-to-purchase-all-surplus-at-30-per-unit-the-total-cost-to-the-gover\/","title":{"rendered":"Suppose market demand and supply are given by Qd = 100 &#8211; 2P and QS = 5 + 3P. If the government sets a price floor of $30 and agrees to purchase all surplus at $30 per unit, the total cost to the government will be:"},"content":{"rendered":"<p>Suppose market demand and supply are&#8230;..<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[59],"subject":[5],"class_list":["post-1157","mcq","type-mcq","status-publish","hentry","topic-demand-and-supply","subject-managerial-economics"],"mcq_note":"Suppose market demand and supply are given by Qd = 100 - 2P and QS = 5 + 3P. If the government sets a price floor of $30 and agrees to purchase all surplus at $30 per unit, the total cost to the government will be\u00a0$1,650.","mcq_options":[{"right":"yes","answer":"$1,650. "},{"right":"no","answer":"$1,375. "},{"right":"no","answer":" $900. "},{"right":"no","answer":" $1,125. "}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":59,"title":"Demand and Supply","slug":"demand-and-supply"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/1157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=1157"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1157"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1157"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}