Multiple Choice
Figure: Effects of Price Ceilings Reference: Ref 8-4
(Figure: Effects of Price Ceilings) Refer to the figure. At a price ceiling of $2 per unit, consumers are willing to pay a maximum of:
A) $2.00.
B) $2.50.
C) $3.00.
D) $4.00.
Correct Answer:
Verified
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A) buyers are