Figure 4-2 Given the demand and supply conditions shown in Figure 4-2, if the government imposes a price ceiling of a, indicate the quantity consumers would like to buy and the amount producers would be willing to supply.
A) Consumers would want to buy t; producers would be willing to sell r.
B) Consumers would want to buy r; producers would be willing to sell t.
C) Consumers would want to buy t; producers would be willing to sell s.
D) Consumers would want to buy s; producers would be willing to sell s.

Question

Figure 4-2  Given the demand and supply conditions shown in Figure 4-2, if the government imposes a price ceiling of a, indicate the quantity consumers would like to buy and the amount producers would be willing to supply.
A) Consumers would want to buy t; producers would be willing to sell r. 
B) Consumers would want to buy r; producers would be willing to sell t. 
C) Consumers would want to buy t; producers would be willing to sell s. 
D) Consumers would want to buy s; producers would be willing to sell s.

Quizplus · Accepted Answer

The Answer of Figure 4-2  Given the demand and supply conditions shown in Figure 4-2, if the government imposes a price ceiling of a, indicate the quantity consumers would like to buy and the amount producers would be willing to supply.
A) Consumers would want to buy t; producers would be willing to sell r. 
B) Consumers would want to buy r; producers would be willing to sell t. 
C) Consumers would want to buy t; producers would be willing to sell s. 
D) Consumers would want to buy s; producers would be willing to sell s.

Figure 4-2 Given the Demand and Supply Conditions Shown