Table: The Market for Soda Market for a Can of Soda Price ($/unit) | Quantity Demanded (cans) | Quantity Supplied (cans) 0.50 | 10 | 7 0.75 | 8 | 8 1.00 | 6 | 9 1.25 | 4 | 10 1.50 | 2 | 11 (Table: The Market for Soda) Look at the table The Market for Soda. If the government imposes a price floor of $1.00 per can of soda, there will be: a) a surplus of 3 cans. b) a shortage of 2 cans. c) equilibrium in the market for soda. d) a shortage of 3 cans.
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