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5 Jun 2018
Suppose the equilibrium price of a physical examination ("physical") by a doctor is $200, and the government imposes a price ceiling of $150 per physical. As a result of the price ceiling,
A) the number of physicals performed will increase.
B) the supply curve for physicals shifts to the left.
C) the quantity demanded of physicals increases and the quantity supplied of physicals decreases.
D) the demand curve for physicals shifts to the right.
Suppose the equilibrium price of a physical examination ("physical") by a doctor is $200, and the government imposes a price ceiling of $150 per physical. As a result of the price ceiling,
A) the number of physicals performed will increase.
B) the supply curve for physicals shifts to the left.
C) the quantity demanded of physicals increases and the quantity supplied of physicals decreases.
D) the demand curve for physicals shifts to the right.
2 Jun 2021
