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-In the Graph Shown Above,if the Government Set a Price

Question 122

Multiple Choice

-In the graph shown above,if the government set a price ceiling of $18 A) the price would rise to the equilibrium price. B) the price would fall to equilibrium price. C) there would be a temporary shortage,then price would rise to equilibrium price. D) there would be a permanent shortage,at least until the price ceiling was lifted.
-In the graph shown above,if the government set a price ceiling of $18


A) the price would rise to the equilibrium price.
B) the price would fall to equilibrium price.
C) there would be a temporary shortage,then price would rise to equilibrium price.
D) there would be a permanent shortage,at least until the price ceiling was lifted.

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