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Refer to the Information Provided in Figure 4

Question 84

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Refer to the information provided in Figure 4.3 below to answer the question(s) that follow. Refer to the information provided in Figure 4.3 below to answer the question(s) that follow. Figure 4.3 -Refer to Figure 4.3. The government setting the price of pencils at $0.50 would be an example of an effective A) price floor. B) price ceiling. C) market equilibrium. D) price shortage. Figure 4.3
-Refer to Figure 4.3. The government setting the price of pencils at $0.50 would be an example of an effective


A) price floor.
B) price ceiling.
C) market equilibrium.
D) price shortage.

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