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Figure 6-2 -Refer to Figure 6-2.The Price Ceiling

Question 54

Multiple Choice

Figure 6-2
Figure 6-2 -Refer to Figure 6-2.The price ceiling A) causes a shortage of 45 units of the good. B) makes it necessary for sellers to ration the good. C) is not binding because it is set below the equilibrium price. D) Both a) and b) are correct.
-Refer to Figure 6-2.The price ceiling


A) causes a shortage of 45 units of the good.
B) makes it necessary for sellers to ration the good.
C) is not binding because it is set below the equilibrium price.
D) Both a) and b) are correct.

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