-Refer to Exhibit 4-11.Suppose that the government imposes a price ceiling in the market for good ABC at a price of $4.How many fewer units would be exchanged at the price ceiling than would be exchanged if the market for good ABC were a free market?
A) 20
B) 40
C) 60
D) 80
E) 100

Question

-Refer to Exhibit 4-11.Suppose that the government imposes a price ceiling in the market for good ABC at a price of $4.How many fewer units would be exchanged at the price ceiling than would be exchanged if the market for good ABC were a free market?
A) 20 
B) 40 
C) 60 
D) 80 
E) 100

Quizplus · Accepted Answer

The Answer of 
-Refer to Exhibit 4-11.Suppose that the government imposes a price ceiling in the market for good ABC at a price of $4.How many fewer units would be exchanged at the price ceiling than would be exchanged if the market for good ABC were a free market?
A) 20 
B) 40 
C) 60 
D) 80 
E) 100