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Use the Following to Answer Questions 20-21

Question 97

Multiple Choice

Use the following to answer questions 20-21:
Figure 3.7 Use the following to answer questions 20-21: Figure 3.7 -(Figure 3.7) At a price ceiling of $8, there is a shortage of _____ and a deadweight loss of _____. A) 200 pounds; $1,200 B) 500 pounds; $400 C) 300 pounds; $600 D) 300 pounds; $300
-(Figure 3.7) At a price ceiling of $8, there is a shortage of _____ and a deadweight loss of _____.


A) 200 pounds; $1,200
B) 500 pounds; $400
C) 300 pounds; $600
D) 300 pounds; $300

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