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Question 106

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Use the following to answer questions: Use the following to answer questions: -(Table: Quantity Supplied and Quantity Demanded) Look at the table Quantity Supplied and Quantity Demanded. If a price ceiling of $10 is imposed in this market: A) the quantity demanded will be greater than the quantity supplied. B) the quantity supplied will be greater than the quantity demanded. C) an equilibrium quantity will result. D) excess supply equal to 25 units will result.
-(Table: Quantity Supplied and Quantity Demanded) Look at the table Quantity Supplied and Quantity Demanded. If a price ceiling of $10 is imposed in this market:


A) the quantity demanded will be greater than the quantity supplied.
B) the quantity supplied will be greater than the quantity demanded.
C) an equilibrium quantity will result.
D) excess supply equal to 25 units will result.

Correct Answer:

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