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Figure 6-15 -Refer to Figure 6-15.Suppose a Price Ceiling of $2 Is

Question 145

Multiple Choice

Figure 6-15 Figure 6-15 -Refer to Figure 6-15.Suppose a price ceiling of $2 is imposed on this market.As a result, A) the quantity of the good supplied decreases by 30 units. B) the demand curve shifts to the left so as to now pass through the point (quantity = 30,price = $2) . C) buyers' total expenditure on the good decreases by $75. D) buyers' total expenditure on the good falls by $15.
-Refer to Figure 6-15.Suppose a price ceiling of $2 is imposed on this market.As a result,

A) the quantity of the good supplied decreases by 30 units.
B) the demand curve shifts to the left so as to now pass through the point (quantity = 30,price = $2) .
C) buyers' total expenditure on the good decreases by $75.
D) buyers' total expenditure on the good falls by $15.

Correct Answer: