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(Figure: Price Controls) Refer to the Figure

Question 3

Multiple Choice

(Figure: Price Controls) Refer to the figure. Which of thefollowing price controls would cause a shortage of 20 units ofthe good? A) a price ceiling of $10 B) a price floor of $10 C) a price ceiling of $6 D) a price floor of $6 (Figure: Price Controls) Refer to the figure. Which of thefollowing price controls would cause a shortage of 20 units ofthe good?


A) a price ceiling of $10
B) a price floor of $10
C) a price ceiling of $6
D) a price floor of $6

Correct Answer:

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