(Figure: The Market for Plug-in Hybrid Cars) Use Figure: The Market for Plug-in Hybrid Cars. If there were a binding price ceiling in the market for plug-in hybrid cars, one possible price would be _____, consumers would demand _____, and producers would supply _____.
A)P1; Q1; Q3
B)P2; Q2; Q2
C)P1; Q3; Q1
D)P3; Q3; Q1

Question

(Figure: The Market for Plug-in Hybrid Cars) Use Figure: The Market for Plug-in Hybrid Cars. If there were a binding price ceiling in the market for plug-in hybrid cars, one possible price would be _____, consumers would demand _____, and producers would supply _____. 
A)P1; Q1; Q3 
B)P2; Q2; Q2 
C)P1; Q3; Q1 
D)P3; Q3; Q1

Quizplus · Accepted Answer

The Answer of (Figure: The Market for Plug-in Hybrid Cars) Use Figure: The Market for Plug-in Hybrid Cars. If there were a binding price ceiling in the market for plug-in hybrid cars, one possible price would be _____, consumers would demand _____, and producers would supply _____. 
A)P1; Q1; Q3 
B)P2; Q2; Q2 
C)P1; Q3; Q1 
D)P3; Q3; Q1

(Figure: the Market for Plug-In Hybrid Cars) Use Figure: the Market