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-In Table 3

Question 72

Multiple Choice

-In Table 3.4 a price ceiling of $0.2 means that: A) the market is in equilibrium because quantity demanded equals quantity supplied. B) there is a surplus in the market of 80 units. C) there is a shortage in the market of 40 units. D) there is a shortage in the market of 80 units.
-In Table 3.4 a price ceiling of $0.2 means that:


A) the market is in equilibrium because quantity demanded equals quantity supplied.
B) there is a surplus in the market of 80 units.
C) there is a shortage in the market of 40 units.
D) there is a shortage in the market of 80 units.

Correct Answer:

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