Figure 6-7 -Refer to Figure 6-7.Suppose a Price Ceiling of $5 Is

Multiple Choice

Figure 6-7
-Refer to Figure 6-7.Suppose a price ceiling of $5 is imposed on this market.As a result,

A) the quantity of the good supplied decreases by 20 units.
B) the demand curve shifts to the left;quantity sold is now 30 units and the price is $5.
C) buyers' total expenditure on the good decreases by $80.
D) the price of the good continues to serve as the rationing mechanism.