The market of Vodka Tonic can be summarized by the following information: P = 360- 3/2*Q and P = 100+ 2/3*Q. If the price floor of $120 is imposed in…

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The market of Vodka Tonic can be summarized by the following information: P = 360- 3/2*Q and P = 100+ 2/3*Q. If the price floor of $120 is imposed in this market, which of the following is correct?

The quantity supplied is 255

The quantity demanded is 60

The surplus is 195

All the above are correct

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