Consider a market for fish whose market demand and market supply for fish are specified as Qd = 300 - 2.5 P and Qs = - 20 + 1.5 P respectively.The government decides to impose a price ceiling of $50 per ton.The possible black market price after the ceiling is:
A)$140.40.
B)$110.10.
C)$80.
D)0.

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The Answer of Consider a market for fish whose market demand and market supply for fish are specified as Qd = 300 - 2.5 P and Qs = - 20 + 1.5 P respectively.The government decides to impose a price ceiling of $50 per ton.The possible black market price after the ceiling is:
A)$140.40.
B)$110.10.
C)$80.
D)0.

Consider a Market for Fish Whose Market Demand and Market