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

Question 150

Multiple Choice

  -In the graph shown above,if the government set a price ceiling of $26, A) there would be a permanent shortage,at least until the price ceiling was lifted. B) there would be a temporary shortage,then the price would fall to equilibrium price. C) price would rise to the equilibrium price. D) price would immediately fall to the equilibrium price.
-In the graph shown above,if the government set a price ceiling of $26,


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

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