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-In the Above Figure, a Price Ceiling of $4 Would

Question 286

Multiple Choice

-In the above figure, a price ceiling of $4 would A) result in a shortage in the long run. B) result in a surplus in the long run. C) have no effect. D) result in a surplus in the short run but have no effect in the long run.
-In the above figure, a price ceiling of $4 would


A) result in a shortage in the long run.
B) result in a surplus in the long run.
C) have no effect.
D) result in a surplus in the short run but have no effect in the long run.

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