-Refer to the above figure. If a price ceiling of $3 was set
A) the quantity sold would be 80 units.
B) there would be a surplus of 40 units.
C) there would be a shortage of 40 units.
D) there would be a shortage of 20 units.

Question

-Refer to the above figure. If a price ceiling of $3 was set
A) the quantity sold would be 80 units. 
B) there would be a surplus of 40 units. 
C) there would be a shortage of 40 units. 
D) there would be a shortage of 20 units.

Quizplus · Accepted Answer

The Answer of 
-Refer to the above figure. If a price ceiling of $3 was set
A) the quantity sold would be 80 units. 
B) there would be a surplus of 40 units. 
C) there would be a shortage of 40 units. 
D) there would be a shortage of 20 units.

-Refer to the Above Figure