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-Figure 4-1 Shows the Supply and Demand for Socks

Question 9

Multiple Choice

-Figure 4-1 shows the supply and demand for socks.If a price ceiling of $4 per pair is imposed by the government A) there will be a shortage of 14 pairs of socks B) there will be a shortage of 10 pairs of socks C) there will be neither a shortage nor a surplus of socks D) there will be a surplus of 10 pairs of socks E) there will be a surplus of 14 pairs of socks
-Figure 4-1 shows the supply and demand for socks.If a price ceiling of $4 per pair is imposed by the government


A) there will be a shortage of 14 pairs of socks
B) there will be a shortage of 10 pairs of socks
C) there will be neither a shortage nor a surplus of socks
D) there will be a surplus of 10 pairs of socks
E) there will be a surplus of 14 pairs of socks

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