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Figure 6-4 -Refer to Figure 6-4.Suppose a Price Ceiling of $5 Is

Question 296

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Figure 6-4 Figure 6-4 -Refer to Figure 6-4.Suppose a price ceiling of $5 is imposed on this market.As a result, A) the quantity of the good supplied decreases by 20 units. B) the demand curve shifts to the left so as to now pass through the point (quantity = 40,price = $5) . C) buyers' total expenditure on the good decreases by $100. D) the price of the good continues to serve as the rationing mechanism.
-Refer to Figure 6-4.Suppose a price ceiling of $5 is imposed on this market.As a result,


A) the quantity of the good supplied decreases by 20 units.
B) the demand curve shifts to the left so as to now pass through the point (quantity = 40,price = $5) .
C) buyers' total expenditure on the good decreases by $100.
D) the price of the good continues to serve as the rationing mechanism.

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