Exhibit 4-9 Data on supply and demand
In Exhibit 4-9, if a price ceiling is set at $1.50 the market result after adjustment is:
A)a shortage of 150 units.
B)a surplus of 100 units.
C)shortage of 100 units.
D)equilibrium at 200 units.

Question

Exhibit 4-9 Data on supply and demand
 In Exhibit 4-9, if a price ceiling is set at $1.50 the market result after adjustment is:
A)a shortage of 150 units. 
B)a surplus of 100 units. 
C)shortage of 100 units. 
D)equilibrium at 200 units.

Quizplus · Accepted Answer

The Answer of Exhibit 4-9 Data on supply and demand
 In Exhibit 4-9, if a price ceiling is set at $1.50 the market result after adjustment is:
A)a shortage of 150 units. 
B)a surplus of 100 units. 
C)shortage of 100 units. 
D)equilibrium at 200 units.

Exhibit 4-9 Data on Supply and Demand