\text { Demand and Supply Schedules for Chocolate Bars }

\begin{array}{|c|c|c|}\hline \begin{array}{c}\text { Price } \\(\$)\end{array} & \begin{array}{c}\text { Quantity Demanded } \\\text { (thousandsperweek) }\end{array} & \begin{array}{c}\text { Quantity Supplied } \\\text { (thousands per week) }\end{array} \\\hline 2.00 & 1500 & 2100 \\\hline 1.80 & 1600 & 2050 \\\hline 1.60 & 1700 & 2000 \\\hline 1.40 & 1800 & 1950 \\\hline 1.20 & 1900 & 1900 \\\hline 1.00 & 2000 & 1850 \\\hline 0.80 & 2100 & 1800 \\\hline 0.60 & 2200 & 1750 \\\hline 0.40 & 2300 & 1700 \\\hline\end{array}

\text { TABLE 5-1 }

-Refer to Table 5- 1. Suppose the government imposed a price of $1.80 per chocolate bar. A likely result from this policy is
A) the allocation of chocolate bars on a first- come, first- serve basis.
B) the allocation of chocolate bars by sellers preference.
C) the rationing of chocolate bars.
D) the development of a black market in chocolate bars.
E) the stockpiling of unsold inventories of chocolate bars.

A Binding Price Floor Is a

Multiple Choice

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