Multiple Choice
Exhibit 5-11
Panel (a)
Panel (b)
-Refer to Exhibit 5-11. In which panel(s) of the figure would there be a shortage of the good at the price ceiling?
A) panel (a) only.
B) panel (b) only.
C) both panel (a) and panel (b) .
D) neither panel (a) nor panel (b) .
Correct Answer:
Verified
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