Suppose That the Average Cost of a Doctor's Visit Is

Essay

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