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
Correct Answer:
Verified
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