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 Demand and Supply Schedules for Chocolate Bars \text { Demand and Supply Schedules for Chocolate Bars }

Question 21

Multiple Choice

 Demand and Supply Schedules for Chocolate Bars \text { Demand and Supply Schedules for Chocolate Bars }
 Price ($)  Quantity Demanded  (thousandsperweek)   Quantity Supplied  (thousands per week)  2.00150021001.80160020501.60170020001.40180019501.20190019001.00200018500.80210018000.60220017500.4023001700\begin{array}{|c|c|c|}\hline \begin{array}{c}\text { Price } \\(\$) \end{array} & \begin{array}{c}\text { Quantity Demanded } \\\text { (thousandsperweek) }\end{array} & \begin{array}{c}\text { Quantity Supplied } \\\text { (thousands per week) }\end{array} \\\hline 2.00 & 1500 & 2100 \\\hline 1.80 & 1600 & 2050 \\\hline 1.60 & 1700 & 2000 \\\hline 1.40 & 1800 & 1950 \\\hline 1.20 & 1900 & 1900 \\\hline 1.00 & 2000 & 1850 \\\hline 0.80 & 2100 & 1800 \\\hline 0.60 & 2200 & 1750 \\\hline 0.40 & 2300 & 1700 \\\hline\end{array}
 TABLE 5-1 \text { TABLE 5-1 }
-Refer to Table 5- 1. Suppose that as a public- health measure the government wants to reduce the number of chocolate bars that children consume. To achieve this outcome the government could implement which of the following policies?


A) Impose an equilibrium price of $1.20.
B) Impose a price ceiling of $2.00.
C) Impose a price floor of $1.80.
D) Impose an equilibrium price of $1.80.
E) Impose a price ceiling of $1.80.

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