Demand and Supply Schedules for Chocolate Bars
TABLE 5-1
-Refer to Table 5-1.Suppose that as a public-health measure the government wants to reduce the number of chocolate bars that children consume.To achieve this outcome the government could implement which of the following policies?
A)Impose an equilibrium price of $1.80.
B)Impose a price floor of $1.80.
C)Impose a price ceiling of $1.80.
D)Impose an equilibrium price of $1.20.
E)Impose a price ceiling of $2.00.

Question

Demand and Supply Schedules for Chocolate Bars
  TABLE 5-1
-Refer to Table 5-1.Suppose that as a public-health measure the government wants to reduce the number of chocolate bars that children consume.To achieve this outcome the government could implement which of the following policies?
A)Impose an equilibrium price of $1.80. 
B)Impose a price floor of $1.80. 
C)Impose a price ceiling of $1.80. 
D)Impose an equilibrium price of $1.20. 
E)Impose a price ceiling of $2.00.

Quizplus · Accepted Answer

The Answer of Demand and Supply Schedules for Chocolate Bars
  TABLE 5-1
-Refer to Table 5-1.Suppose that as a public-health measure the government wants to reduce the number of chocolate bars that children consume.To achieve this outcome the government could implement which of the following policies?
A)Impose an equilibrium price of $1.80. 
B)Impose a price floor of $1.80. 
C)Impose a price ceiling of $1.80. 
D)Impose an equilibrium price of $1.20. 
E)Impose a price ceiling of $2.00.