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Use the Figure Below to Answer the Following Question(s)

Question 34

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 4-4 Use the figure below to answer the following question(s) . Figure 4-4   -Given the demand and supply conditions shown in Figure 4-4, if the government imposes a price ceiling of a, which of the following would be true? A)  Consumers would want to buy r units. B)  Consumers would want to buy s units. C)  Producers would wish to sell s units. D)  Producers would wish to sell r units.
-Given the demand and supply conditions shown in Figure 4-4, if the government imposes a price ceiling of a, which of the following would be true?


A) Consumers would want to buy r units.
B) Consumers would want to buy s units.
C) Producers would wish to sell s units.
D) Producers would wish to sell r units.

Correct Answer:

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