Figure 4-18
-Refer to Figure 4-18. If the government imposes a price ceiling of $2.00 in this market, the result is a
A) surplus of 30 units of the good.
B) shortage of 20 units of the good.
C) shortage of 30 units of the good.
D) shortage of 50 units of the good.

Question

Figure 4-18 
-Refer to Figure 4-18. If the government imposes a price ceiling of $2.00 in this market, the result is a
A) surplus of 30 units of the good. 
B) shortage of 20 units of the good. 
C) shortage of 30 units of the good. 
D) shortage of 50 units of the good.

Quizplus · Accepted Answer

The Answer of Figure 4-18 
-Refer to Figure 4-18. If the government imposes a price ceiling of $2.00 in this market, the result is a
A) surplus of 30 units of the good. 
B) shortage of 20 units of the good. 
C) shortage of 30 units of the good. 
D) shortage of 50 units of the good.

Figure 4-18 -Refer to Figure 4-18. If the Government Imposes a Price