Solved

-If a Price Ceiling Were Imposed at $3

Question 145

Multiple Choice

-If a price ceiling were imposed at $3.00 per unit in this market, there would be: A) a surplus of 300 units. B) a shortage of 300 units. C) no surplus or shortage. D) none of the above.
-If a price ceiling were imposed at $3.00 per unit in this market, there would be:


A) a surplus of 300 units.
B) a shortage of 300 units.
C) no surplus or shortage.
D) none of the above.

Correct Answer:

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