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Table 6-1 -Refer to Table 6-1. Suppose the Government Imposes a Price

Question 520

Multiple Choice

Table 6-1 Table 6-1 -Refer to Table 6-1. Suppose the government imposes a price ceiling of $70 on this market. What will be the size of the shortage in this market? A) 0 units B) 400 units C) 600 units D) 1000 units
-Refer to Table 6-1. Suppose the government imposes a price ceiling of $70 on this market. What will be the size of the shortage in this market?


A) 0 units
B) 400 units
C) 600 units
D) 1000 units

Correct Answer:

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