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-Using the Above Figure, CBL Is the Cost of Breaking

Question 293

Multiple Choice

-Using the above figure, CBL is the cost of breaking the law. What is the equilibrium price and quantity if beer is legal? A) $5 per quart and 300 quarts of beer B) $3 per quart and 500 quarts of beer C) $3 per quart and 100 quarts of beer D) $1 per quart and 300 quarts of beer
-Using the above figure, CBL is the cost of breaking the law. What is the equilibrium price and quantity if beer is legal?


A) $5 per quart and 300 quarts of beer
B) $3 per quart and 500 quarts of beer
C) $3 per quart and 100 quarts of beer
D) $1 per quart and 300 quarts of beer

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