Exhibit 4-4 Refer to Exhibit 4-4. Which of the following statements is false ? A)Graph (1): A price ceiling set at P₂ would not have an impact on the market. B)Graph (2): As supply increases, equilibrium price remains constant. C)Graph (3): As demand increases, equilibrium quantity remains constant. D)Graph (4): As supply increases, equilibrium quantity increases.

Question

Quizplus · Accepted Answer

The Answer of Exhibit 4-4 Refer to Exhibit 4-4. Which of the following statements is false ? A)Graph (1): A price ceiling set at P₂ would not have an impact on the market. B)Graph (2): As supply increases, equilibrium price remains constant. C)Graph (3): As demand increases, equilibrium quantity remains constant. D)Graph (4): As supply increases, equilibrium quantity increases.

Exhibit 4-4 Refer to Exhibit 4-4. Which of the Following Statements Is