(Figure: the Market for Hybrid Cars) Use Figure: the Market

Multiple Choice

(Figure: The Market for Hybrid Cars) Use Figure: The Market for Hybrid Cars. If there were a binding price ceiling in the market for hybrid cars, one possible price would be equal to _____; consumers would demand _____; and producers would supply _____.

A) P₁; Q₁; Q₃
B) P₂; Q₂; Q₂
C) P₁; Q₃; Q₁
D) P₃; Q₃; Q₁