Multiple Choice
Suppose the equilibrium price of a physical examination ("physical") by a doctor is $200,and the government imposes a price ceiling of $150 per physical.As a result of the price ceiling,
A) the quantity of physicals demanded increases.
B) there is shortage of physicals.
C) the quantity of physicals supplied decreases.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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