
-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.
Correct Answer:
Verified
Q105: When the price is $2
A)quantity supplied is
Q145: Usury laws are a form of price
Q146: Q147: Q148: Q149: When demand falls and supply stays the Q152: An increase in equilibrium quantity will result Q153: When demand falls and supply stays the Q154: When supply falls and demand stays the Q155: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()