$$\begin{array} { | c | r | c | }
\hline \text { Quantity Demanded } & \text { Price } & \text { Quantity Supplied } \
\hline 52 & \$ 50 & 73 \
\hline 62 & 45 & 62 \
\hline 72 & 40 & 51 \
\hline 82 & 35 & 42 \
\hline 92 & 30 & 33 \
\hline
\end{array}$$ If government set a maximum price of $45 in the market,

Question

$$\begin{array} { | c | r | c | } 
\hline \text { Quantity Demanded } & \text { Price } & \text { Quantity Supplied } \
\hline 52 & \$ 50 & 73 \
\hline 62 & 45 & 62 \
\hline 72 & 40 & 51 \
\hline 82 & 35 & 42 \
\hline 92 & 30 & 33 \
\hline
\end{array}$$ If government set a maximum price of $45 in the market,

Quizplus · Accepted Answer

At a price of $45, the quantity demanded is 62 units and the quantity supplied is also 62 units, indicating neither a shortage nor a surplus.

If Government Set a Maximum Price of $45 in the \hline

If Government Set a Maximum Price of $45 in the
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