Multiple Choice
-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.
Correct Answer:
Verified
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