Figure 4-2 Given the Demand and Supply Conditions Shown in Figure 4-2

Multiple Choice

Figure 4-2
Given the demand and supply conditions shown in Figure 4-2, if the government imposes a price ceiling of a , indicate the quantity consumers would like to buy and the amount producers would be willing to supply.

A) Consumers would want to buy t ; producers would be willing to sell r .
B) Consumers would want to buy r ; producers would be willing to sell t .
C) Consumers would want to buy t ; producers would be willing to sell s .
D) Consumers would want to buy s ; producers would be willing to sell s .