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The Following Figure Shows the Effect of a Price Ceiling

Question 62

Multiple Choice

The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P2 and quantity B.
Figure 10-1 The following figure shows the effect of a price ceiling in the market for yams.The market was initially in equilibrium at price P<sub>2 </sub>and quantity B. Figure 10-1 -In Figure 10-1,what is the quantity of output produced after the imposition of the price ceiling at P<sub>1</sub>? A) OA B) OB C) OC D) ON
-In Figure 10-1,what is the quantity of output produced after the imposition of the price ceiling at P1?


A) OA
B) OB
C) OC
D) ON

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