-Consider the above table. If the government imposes a price ceiling on strawberries of $8 per pound, what would be the likely result?
A) a surplus of 2,000 pounds of strawberries on the market
B) a shortage of 2,000 pounds of strawberries on the market
C) Market equilibrium will be reached.
D) The quantity demanded of strawberries would fall to zero.

Question

-Consider the above table. If the government imposes a price ceiling on strawberries of $8 per pound, what would be the likely result?
A) a surplus of 2,000 pounds of strawberries on the market 
B) a shortage of 2,000 pounds of strawberries on the market 
C) Market equilibrium will be reached. 
D) The quantity demanded of strawberries would fall to zero.

Quizplus · Accepted Answer

The Answer of 
-Consider the above table. If the government imposes a price ceiling on strawberries of $8 per pound, what would be the likely result?
A) a surplus of 2,000 pounds of strawberries on the market 
B) a shortage of 2,000 pounds of strawberries on the market 
C) Market equilibrium will be reached. 
D) The quantity demanded of strawberries would fall to zero.

-Consider the Above Table