Question
Five persons L, N, O, P and Q are sitting in a row
facing north. Two persons sit between L and Q. Q sits at one of the ends of the row and second to the right of O. L is sitting immediate right of P. Who sits in the middle of the row?Solution
Two persons sit between L and Q. Q sits at one of the ends of the row and second to the right of O. _____ L Â OÂ _____ Q L is sitting immediate right of P. P Â L Â OÂ _____ Q Final arrangement as shown below: PÂ Â Â Â Â Â Â Â LÂ Â Â Â Â Â Â Â Â OÂ Â Â Â Â Â Â Â NÂ Â Â Â Â Â Â Â Q
If the government imposes a binding price floor in a competitive market, what will be the immediate effect on the market price and the quantity traded?
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