Exhibit 4-3 -Refer to Exhibit 4-3.If Price P₂ Is a Price Ceiling,then

Exhibit 4-3

-Refer to Exhibit 4-3.If price P₂ is a price ceiling,then

A) there is a shortage in the market for good X.
B) the highest price that can legally be charged in this market is P₃.
C) the price at which exchange legally takes place in the market for good X is P₂.
D) the quantity exchanged is less than the quantity demanded.
E) all of the above