$\begin{array} { | c | c | c | }
\hline \begin{array} { c }
\text { Price Per } \
\text { Pair }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { Supplied }
\end{array} \
\hline \text { R20 } & 18 & 3 \
\hline \text { R40 } & 14 & 4 \
\hline \text { R60 } & 10 & 5 \
\hline \text { R80 } & 6 & 6 \
\hline \text { R100 } & 2 & 8 \
\hline
\end{array}$
-Refer to the table above. In the supply and demand schedules for socks shown here, if a price ceiling of R60 is imposed by the government, the quantity of socks actually purchased will be

Question

$\begin{array} { | c | c | c | } 
\hline \begin{array} { c } 
\text { Price Per } \
\text { Pair }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { Supplied }
\end{array} \
\hline \text { R20 } & 18 & 3 \
\hline \text { R40 } & 14 & 4 \
\hline \text { R60 } & 10 & 5 \
\hline \text { R80 } & 6 & 6 \
\hline \text { R100 } & 2 & 8 \
\hline
\end{array}$
-Refer to the table above. In the supply and demand schedules for socks shown here, if a price ceiling of R60 is imposed by the government, the quantity of socks actually purchased will be

Quizplus · Accepted Answer

At a price ceiling of R60, the quantity supplied is 5 and the quantity demanded is 10. The quantity actually purchased will be limited by the quantity supplied, which is 5.

-Refer to the Table Above