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If Government Set a Maximum Price of $45 in the Above

Question 146

Multiple Choice

If government set a maximum price of $45 in the above market: A) a shortage of 21 units would arise. B) a surplus of 21 units would arise. C) a surplus of 40 units would arise. D) it would not change the free market outcome. If government set a maximum price of $45 in the above market:


A) a shortage of 21 units would arise.
B) a surplus of 21 units would arise.
C) a surplus of 40 units would arise.
D) it would not change the free market outcome.

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