FIGURE 5- 2
-Refer to Figure 5- 2. A price ceiling set at a price of $2.50 per unit will result in
A) a surplus of 5 units
B) a shortage of 5 units.
C) a surplus of 10 units.
D) a shortage of 10 units.
E) no change in the market outcomes.

Question

FIGURE 5- 2
-Refer to Figure 5- 2. A price ceiling set at a price of $2.50 per unit will result in
A) a surplus of 5 units 
B) a shortage of 5 units. 
C) a surplus of 10 units. 
D) a shortage of 10 units. 
E) no change in the market outcomes.

Quizplus · Accepted Answer

The Answer of  FIGURE 5- 2
-Refer to Figure 5- 2. A price ceiling set at a price of $2.50 per unit will result in
A) a surplus of 5 units 
B) a shortage of 5 units. 
C) a surplus of 10 units. 
D) a shortage of 10 units. 
E) no change in the market outcomes.

FIGURE 5- 2 -Refer to Figure 5- 2. a Price Ceiling Set at Ceiling