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Scenario: Consider the Following Figure, Which Shows a Competitive Market

Question 162

Multiple Choice

Scenario: Consider the following figure, which shows a competitive market. Suppose the government imposes a price ceiling policy of $2 on this market.
Scenario: Consider the following figure, which shows a competitive market. Suppose the government imposes a price ceiling policy of $2 on this market.    -Refer to the above scenario.This $2 price control policy is mainly intended to benefit ________ of this good. A)  the consumers B)  the producers C)  both the consumers and the producers D)  neither the consumers nor the producers, but the government itself
-Refer to the above scenario.This $2 price control policy is mainly intended to benefit ________ of this good.


A) the consumers
B) the producers
C) both the consumers and the producers
D) neither the consumers nor the producers, but the government itself

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