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Figure 6-8 -Refer to Figure 6-8.If the Government Imposes a Price Ceiling

Question 105

Multiple Choice

Figure 6-8 Figure 6-8 -Refer to Figure 6-8.If the government imposes a price ceiling of $2 on this market,then there will be A) no shortage of the good. B) a shortage of 10 units of the good. C) a shortage of 20 units of the good. D) a shortage of 30 units of the good.
-Refer to Figure 6-8.If the government imposes a price ceiling of $2 on this market,then there will be


A) no shortage of the good.
B) a shortage of 10 units of the good.
C) a shortage of 20 units of the good.
D) a shortage of 30 units of the good.

Correct Answer:

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