If a price floor of $15 is imposed on this market and the government chooses to purchase the surplus, the government must buy 10 units of the good and spend a total amount of $150 on its purchase.
Step-by-step explanation:
According to the given figure, a surplus of the good will result if the price is $15. The government has a total amount of $150. If it decides to spend the total amount on purchasing, the government should buy 10 units of goods.
As the price of each good is $15 and the total amount with the government is $150.
On calculating with the given information,
150/15= 10
So the government can buy 10 units of goods for the total amount of $150.