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    Microeconomics Study Set 44
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    Exam 5: Price Controls and Quotas: Meddling With Markets
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    Use the Following to Answer Questions
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Use the Following to Answer Questions

Question 182

Question 182

Multiple Choice

Use the following to answer questions:
Figure: Supply and Demand Use the following to answer questions: Figure: Supply and Demand   -(Figure: Supply and Demand)  Look at the figure Supply and Demand. A binding price ceiling is represented by: A)  the price P<sub>1</sub>. B)  the price P<sub>2</sub>. C)  the price P<sub>3</sub>. D)  point C.
-(Figure: Supply and Demand) Look at the figure Supply and Demand. A binding price ceiling is represented by:


A) the price P1.
B) the price P2.
C) the price P3.
D) point C.

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