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Figure 4-19 Refer to Figure 4-19. When the Price Ceiling Applies in Ceiling

Question 167

Multiple Choice

Figure 4-19 Figure 4-19 Refer to Figure 4-19. When the price ceiling applies in this market and the supply curve for gasoline shifts from S<sub>1</sub> to S<sub>2</sub>, the resulting quantity of gasoline that is bought and sold is A) less than Q<sub>3</sub>. B) Q<sub>3</sub> C) between Q<sub>1</sub> and Q<sub>3.</sub> D) at least Q<sub>1</sub>.
Refer to Figure 4-19. When the price ceiling applies in this market and the supply curve for gasoline shifts from S1 to S2, the resulting quantity of gasoline that is bought and sold is


A) less than Q3.
B) Q3
C) between Q1 and Q3.
D) at least Q1.

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