
-The above figure shows the market for t-shirts,where the market equilibrium price is $10.If the government imposes a price ceiling of $12,then
A) there is a surplus of 250 t-shirts.
B) there is a surplus of 200 t-shirts.
C) there is a shortage of 200 t-shirts.
D) there is a shortage of 250 t-shirts.
E) there is no change as the price ceiling is set above the equilibrium price.
Correct Answer:
Verified
Q124: Q125: Consider the market for feather pillows.If the Q126: If both producers and consumers believe that Q127: If there is a surplus of a Q128: Q130: If the minimum wage is set below Q131: In Australia it is estimated that Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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A)about one