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

Question 131

Multiple Choice

-In the graph shown above,if the government set a price ceiling of $45 A) there would be a surplus. B) there would be a shortage. C) there would be no effect as buyers and sellers already agree on equilibrium price and quantity. D) there would be a temporary surplus,then price would fall to equilibrium price.
-In the graph shown above,if the government set a price ceiling of $45


A) there would be a surplus.
B) there would be a shortage.
C) there would be no effect as buyers and sellers already agree on equilibrium price and quantity.
D) there would be a temporary surplus,then price would fall to equilibrium price.

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