Multiple Choice
Suppose that the average cost of a doctor visit is $100.If the government imposes a price ceiling of $50 on the cost of a doctor visit,there will be:
A) an excess supply of doctor visits.
B) an excess demand for doctor visits.
C) an increase in the equilibrium number of doctor visits.
D) no change in the number of doctor visits.
Correct Answer:
Verified
Correct Answer:
Verified
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