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In a Market with Supply and Demand Curves as Shown

Question 134

Multiple Choice

In a market with supply and demand curves as shown above, a price ceiling of $2.50 will result in: A) A surplus of 10 units B) A shortage of 10 units C) No shortage or surplus D) A black market price greater than $2.50 In a market with supply and demand curves as shown above, a price ceiling of $2.50 will result in:


A) A surplus of 10 units
B) A shortage of 10 units
C) No shortage or surplus
D) A black market price greater than $2.50

Correct Answer:

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