-The above figure shows the market for apples. If a consumer group convinces the government to set a maximum price of $2 per pound, then
A) 300 pounds of apples will be sold at $2.
B) no apples will be supplied.
C) no apples will be demanded.
D) there will be a shortage of 100 pounds of apples.
Correct Answer:
Verified
Q95: A specific tax on sellers will
A) shift
Q104: Q105: When there is a binding price ceiling, Q106: A price floor that is set below Q107: If the government institutes a specific tax Q108: A price floor that is set above Q112: If the government places a $1500 tax Q114: A price floor that is set above Q125: It is appropriate to use the supply-and Q139: 
A)there
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