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    Microeconomics Private and Public Choice Study Set 2
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    Exam 4: Supply and Demand: Applications and Extensions
  5. Question
    Figure 4-18 Refer to Figure 4-18
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Figure 4-18 Refer to Figure 4-18

Question 181

Question 181

Multiple Choice

Figure 4-18 Figure 4-18   Refer to Figure 4-18. The price of the good would continue to serve as the rationing mechanism if A)  a price ceiling of $4.00 were imposed. B)  a price ceiling of $5.00 were imposed. C)  a price floor of $3.00 were imposed. D)  All of the above are correct. Refer to Figure 4-18. The price of the good would continue to serve as the rationing mechanism if


A) a price ceiling of $4.00 were imposed.
B) a price ceiling of $5.00 were imposed.
C) a price floor of $3.00 were imposed.
D) All of the above are correct.

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