Imagine that students lobby university administrators to increase the wage of work-study students on campus from $10 per hour to $15 per hour. The graph below shows a hypothetical market for economics tutors after this price floor is enacted. Price $20 $15 $10 D 5 10 12 Quantity (tutors) The price floor creates an) of work-study students. equilibrium surplus shortage price ceiling

The answer should be b.

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