Figure 4-17
Refer to Figure 4-17. Which of the following price controls would cause a shortage of 10 units of the good?
A) a price ceiling of $5.50
B) a price floor of $5.50
C) a price ceiling of $6.50
D) a price floor of $6.50

Question

Figure 4-17 
Refer to Figure 4-17. Which of the following price controls would cause a shortage of 10 units of the good?
A) a price ceiling of $5.50 
B) a price floor of $5.50 
C) a price ceiling of $6.50 
D) a price floor of $6.50

Quizplus · Accepted Answer

The Answer of Figure 4-17 
Refer to Figure 4-17. Which of the following price controls would cause a shortage of 10 units of the good?
A) a price ceiling of $5.50 
B) a price floor of $5.50 
C) a price ceiling of $6.50 
D) a price floor of $6.50

Figure 4-17 Refer to Figure 4-17. Which of the Following Price Controls