Figure 6-4

-Refer to Figure 6-4.If the government imposes a price ceiling in this market at a price of $5.00,the result would be a
A) shortage of 20 units.
B) shortage of 10 units.
C) surplus of 20 units.
D) surplus of 10 units.
Correct Answer:
Verified
Q55: When policymakers set prices by legal decree,they
A)are
Q56: Figure 6-5 Q57: Figure 6-5 Q58: In the 1970s,long lines at gas stations Q60: Rationing by long lines is Q61: Rent control Q76: An outcome that can result from either Q141: One economist has argued that rent control Q154: Economists blame the long lines at gasoline Q161: Over time,housing shortages caused by rent control
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A)inefficient, because it
A)serves as an example of how
A)increase,because
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