Multiple Choice
Figure 6-1
Panel (a) Panel (b)

-Refer to Figure 6-1.In which panel(s) of the figure would there be a shortage of the good at the price ceiling?
A) panel (a) but not panel (b)
B) panel (b) but not panel (a)
C) both panel (a) and panel (b)
D) neither panel (a) nor panel (b)
Correct Answer:
Verified
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