Multiple Choice
Use the following to answer question:
Figure: The Market for Hybrid Cars
-(Figure: The Market for Hybrid Cars) Look at the 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
Correct Answer:

Verified
Correct Answer:
Verified
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