-Refer to the above figure. If the government imposes a price ceiling of $60
A) the quantity traded will be 150, and the price will be $40.
B) the quantity traded will be 100, and the price will be $60.
C) the quantity traded will be 200, and the price will be $60.
D) the quantity traded will be 150, and the price will be $60.

Question

-Refer to the above figure. If the government imposes a price ceiling of $60
A) the quantity traded will be 150, and the price will be $40. 
B) the quantity traded will be 100, and the price will be $60. 
C) the quantity traded will be 200, and the price will be $60. 
D) the quantity traded will be 150, and the price will be $60.

Quizplus · Accepted Answer

The Answer of 
-Refer to the above figure. If the government imposes a price ceiling of $60
A) the quantity traded will be 150, and the price will be $40. 
B) the quantity traded will be 100, and the price will be $60. 
C) the quantity traded will be 200, and the price will be $60. 
D) the quantity traded will be 150, and the price will be $60.

-Refer to the Above Figure