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TABLE 4-2 -Refer to Table 4-2. Suppose That D₁ and S₂ Are

Question 51

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TABLE 4-2
TABLE 4-2 -Refer to Table 4-2. Suppose that D₁ and S₂ are the demand and supply schedules for Product A. What will be the result if the government imposes a price ceiling of $10? A) The ceiling will result in a surplus of 10 units. B) The ceiling will result in a shortage of 4 units. C) The ceiling will result in a surplus of 4 units. D) The ceiling will have no impact on the quantity of Product A traded.
-Refer to Table 4-2. Suppose that D₁ and S₂ are the demand and supply schedules for Product A. What will be the result if the government imposes a price ceiling of $10?


A) The ceiling will result in a surplus of 10 units.
B) The ceiling will result in a shortage of 4 units.
C) The ceiling will result in a surplus of 4 units.
D) The ceiling will have no impact on the quantity of Product A traded.

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