Figure 6-32
-Refer to Figure 6-32.If the government set a price ceiling at $40,would there be a shortage or surplus,and how large would be the shortage/surplus?

Name: Figure 6-32 -Refer to Figure 6-32.If the government set a price ceiling at $40,would there be a shortage or surplus,and how large would be the shortage/surplus?
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Question

Figure 6-32 
-Refer to Figure 6-32.If the government set a price ceiling at $40,would there be a shortage or surplus,and how large would be the shortage/surplus?

Quizplus · Accepted Answer

The Answer is There would be a shortage of 20 units.

Figure 6-32 -Refer to Figure 6-32.If the Government Set a Price Ceiling