refer to figure 3-4. if the price is $10

A. there would be a surplus of 600 units

B. there would be a shortage of 600 units

C. there would be a surplus of 200 units

D. there would be a shortage of 200 units.

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Darryn D'SouzaLv10

13 Sep 2020

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Related questions

If a price ceiling is set above the equilibrium price, then

A. there will be neither a shortage nor a surplus of the good.

B. there will be a surplus of the good.

C. there will be a shortage of goods.

D. the price ceiling affects suppliers but not demanders.

E. the price ceiling will generate revenue for the government.

silverllama949

Price CSO 01 02 03 04 Quantity 27. Refer to figure F998. If the market in this figure is in equilibrium at P Q. and the demand curve shifts to Do what will happen if the government imposes a price ceiling at Pı? a. There will be an increase in supply to regain equilibrium b. A surplus of the amount D-A will occur. C. A shortage of the amount Q3 - Q1 will occur. d There will be Qi units actually bought. e. Both c and d.

Refer to Figure 6-2. The price ceiling

a. causes a shortage of 40 units.

b. is not binding, because it is set above the equilibrium price.

c. causes a shortage of 45 units.

d. causes a shortage of 85 units.