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-The Above Figure Shows the Market for Winter Jackets

Question 58

Multiple Choice

  -The above figure shows the market for winter jackets.In an effort to keep the nation warm,the president places a price ceiling of $100 in the market for winter jackets.What would be the maximum price someone would pay in the black market? A)  $100 per jacket B)  $120 per jacket C)  $130 per jacket D)  $90 per jacket E)  $140 per jacket
-The above figure shows the market for winter jackets.In an effort to keep the nation warm,the president places a price ceiling of $100 in the market for winter jackets.What would be the maximum price someone would pay in the black market?


A) $100 per jacket
B) $120 per jacket
C) $130 per jacket
D) $90 per jacket
E) $140 per jacket

Correct Answer:

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