Question 8 The government sometimes sets a maximum price below equilibrium in the market. What names do economists give the resulting set price and disequilibrium situation?
А
price ceiling, surplus
B
price ceiling, shortage
С
price floor, shortage
D
price floor, surplus

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.