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

Question 30

Multiple Choice

If a price ceiling is set at $8 in the market in the graph shown: A) some consumers will benefit because they pay a lower price. B) producers will lose because they sell at a lower price. C) the quantity traded in the market will fall. D) All of these are correct. If a price ceiling is set at $8 in the market in the graph shown:


A) some consumers will benefit because they pay a lower price.
B) producers will lose because they sell at a lower price.
C) the quantity traded in the market will fall.
D) All of these are correct.

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