Refer to the following graph. A price ceiling would be binding, resulting in a market shortage if it is set at:
A)$3.00.
B)$2.25.
C)$1.50.
D)either $3.00 or $1.50.

Question

Refer to the following graph.  A price ceiling would be binding, resulting in a market shortage if it is set at:
A)$3.00. 
B)$2.25. 
C)$1.50. 
D)either $3.00 or $1.50.

Quizplus · Accepted Answer

The Answer of Refer to the following graph.  A price ceiling would be binding, resulting in a market shortage if it is set at:
A)$3.00. 
B)$2.25. 
C)$1.50. 
D)either $3.00 or $1.50.

Refer to the Following Graph