(Figure: Price and Quantity IV) At a price ceiling of $8, there is a shortage of _____ and a deadweight loss of _____.
A) 200 pounds; $1,200
B) 500 pounds; $400
C) 300 pounds; $600
D) 300 pounds; $300

Question

(Figure: Price and Quantity IV) At a price ceiling of $8, there is a shortage of _____ and a deadweight loss of _____. 
A) 200 pounds; $1,200 
B) 500 pounds; $400 
C) 300 pounds; $600 
D) 300 pounds; $300

Quizplus · Accepted Answer

The Answer of (Figure: Price and Quantity IV) At a price ceiling of $8, there is a shortage of _____ and a deadweight loss of _____. 
A) 200 pounds; $1,200 
B) 500 pounds; $400 
C) 300 pounds; $600 
D) 300 pounds; $300

(Figure: Price and Quantity IV) at a Price Ceiling of $8