Demand and Supply Schedules for Chocolate Bars
TABLE 5-1
-Refer to Table 5-1.Suppose the government imposed a price of $1.80 per chocolate bar.A likely result from this policy is
A)the development of a black market in chocolate bars.
B)the allocation of chocolate bars by sellers preference.
C)the allocation of chocolate bars on a first-come,first-serve basis.
D)the stockpiling of unsold inventories of chocolate bars.
E)the rationing of chocolate bars.

Question

Demand and Supply Schedules for Chocolate Bars
  TABLE 5-1
-Refer to Table 5-1.Suppose the government imposed a price of $1.80 per chocolate bar.A likely result from this policy is
A)the development of a black market in chocolate bars. 
B)the allocation of chocolate bars by sellers preference. 
C)the allocation of chocolate bars on a first-come,first-serve basis. 
D)the stockpiling of unsold inventories of chocolate bars. 
E)the rationing of chocolate bars.

Quizplus · Accepted Answer

If the government imposes a price above the equilibrium price, it can lead to a surplus, resulting in unsold inventories.