Exhibit 4-9 Refer to Exhibit 4-9. Suppose that the government imposes a price ceiling at a price of $13. _________ units would be exchanged at the equilibrium price and ____________ units would be exchanged with the price ceiling in effect.
A)150; 220
B)150; 150
C)110; 180
D)150; 90

Question

Exhibit 4-9  Refer to Exhibit 4-9.  Suppose that the government imposes a price ceiling at a price of $13.  _________ units would be exchanged at the equilibrium price and ____________ units would be exchanged with the price ceiling in effect.
A)150; 220 
B)150; 150 
C)110; 180 
D)150; 90

Quizplus · Accepted Answer

The Answer of Exhibit 4-9  Refer to Exhibit 4-9.  Suppose that the government imposes a price ceiling at a price of $13.  _________ units would be exchanged at the equilibrium price and ____________ units would be exchanged with the price ceiling in effect.
A)150; 220 
B)150; 150 
C)110; 180 
D)150; 90