price quantity demanded quantity supplied\n$0 375 0\n$5 300 50\n$10 225 100\n$15 150 150\n$20 75 200\n$25 0…

price quantity demanded quantity supplied\n$0 375 0\n$5 300 50\n$10 225 100\n$15 150 150\n$20 75 200\n$25 0 250\n\nrefer to the table above. a price floor set at $20 results in\n○ 275 units sold.\n○ 125 units sold.\n○ 200 units sold.\n○ 75 units sold.

price quantity demanded quantity supplied\n$0 375 0\n$5 300 50\n$10 225 100\n$15 150 150\n$20 75 200\n$25 0 250\n\nrefer to the table above. a price floor set at $20 results in\n○ 275 units sold.\n○ 125 units sold.\n○ 200 units sold.\n○ 75 units sold.

Answer

Explanation:

Step1: Identify price floor value

The price floor is set at $$20$.

Step2: Find quantity demanded at $$20$

From the table, at $$20$, quantity demanded = $75$.

Step3: Determine actual units sold

In a market, the number of units sold is limited by the lower of quantity demanded and quantity supplied. Since quantity demanded ($75$) is less than quantity supplied ($200$), sold units equal quantity demanded.

Answer:

75 units sold.