FIGURE 5-2
-Refer to Figure 5-2.A price ceiling set at a price of $2.50 per unit will result in
A)a shortage of 5 units.
B)a shortage of 10 units.
C)a surplus of 5 units.
D)a surplus of 10 units.
E)no change in the market outcomes.

Question

FIGURE 5-2
-Refer to Figure 5-2.A price ceiling set at a price of $2.50 per unit will result in
A)a shortage of 5 units. 
B)a shortage of 10 units. 
C)a surplus of 5 units. 
D)a surplus of 10 units. 
E)no change in the market outcomes.

Quizplus · Accepted Answer

The Answer of  FIGURE 5-2
-Refer to Figure 5-2.A price ceiling set at a price of $2.50 per unit will result in
A)a shortage of 5 units. 
B)a shortage of 10 units. 
C)a surplus of 5 units. 
D)a surplus of 10 units. 
E)no change in the market outcomes.

FIGURE 5-2 -Refer to Figure 5-2.A Price Ceiling Set at a Price