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-(Table: The Market for Soda) Look at the table The Market for Soda. If the government imposes a price ceiling of $0.50 per can of soda, the quantity of soda demanded will be:
A) 10 cans.
B) 8 cans.
C) 6 cans.
D) 4 cans.

Question

Use the following to answer questions: 
-(Table: The Market for Soda) Look at the table The Market for Soda. If the government imposes a price ceiling of $0.50 per can of soda, the quantity of soda demanded will be:
A) 10 cans. 
B) 8 cans. 
C) 6 cans. 
D) 4 cans.

Quizplus · Accepted Answer

A price ceiling of $0.50 per can is below the equilibrium price, leading to an increase in quantity demanded. According to the table, at $0.50, the quantity demanded is 10 cans.

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