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Refer to the Accompanying Figure,which Shows Both Short-Run and Long-Run

Question 11

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Refer to the accompanying figure,which shows both short-run and long-run demand and supply curves.If there is a $4 binding price ceiling imposed on a pharmaceutical drug,what will be the amount of the disequilibrium in the short run?
Refer to the accompanying figure,which shows both short-run and long-run demand and supply curves.If there is a $4 binding price ceiling imposed on a pharmaceutical drug,what will be the amount of the disequilibrium in the short run? A) There will be a shortage of 1,500,000 units. B) There will be a shortage of 800,000 units. C) There will not be a shortage; there will be a surplus. D) There will be a shortage of 2,000,000 units. E) There will be a shortage of 500,000 units.


A) There will be a shortage of 1,500,000 units.
B) There will be a shortage of 800,000 units.
C) There will not be a shortage; there will be a surplus.
D) There will be a shortage of 2,000,000 units.
E) There will be a shortage of 500,000 units.

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