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-The Above Figure Shows the Market for Winter Jackets

Question 47

Multiple Choice

  -The above figure shows the market for winter jackets.In an effort to keep the nation warm,the president places a price ceiling of $100 in the market for winter jackets.As a result,there is a A)  shortage equal to 150,000 jackets. B)  surplus equal to 150,000 jackets. C)  surplus equal to 300,000 jackets. D)  shortage equal to 250,000 jackets. E)  shortage equal to 100,000 jackets.
-The above figure shows the market for winter jackets.In an effort to keep the nation warm,the president places a price ceiling of $100 in the market for winter jackets.As a result,there is a


A) shortage equal to 150,000 jackets.
B) surplus equal to 150,000 jackets.
C) surplus equal to 300,000 jackets.
D) shortage equal to 250,000 jackets.
E) shortage equal to 100,000 jackets.

Correct Answer:

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