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If a Price Ceiling Is Set at $8 in the Market

Question 23

Multiple Choice

If a price ceiling is set at $8 in the market in the graph shown, the total number of units traded will: A) fall by 8, relative to equilibrium. B) fall by 15, relative to equilibrium. C) fall by 23, relative to equilibrium. D) increase by 15, relative to equilibrium. If a price ceiling is set at $8 in the market in the graph shown, the total number of units traded will:


A) fall by 8, relative to equilibrium.
B) fall by 15, relative to equilibrium.
C) fall by 23, relative to equilibrium.
D) increase by 15, relative to equilibrium.

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