Multiple Choice
Suppose that the average cost of a visit to the dentist is $100.If the government imposes a price ceiling of $50 on the cost of a dental visit,there will be:
A) an excess supply of dental visits.
B) an excess demand for dental visits.
C) an increase in the equilibrium number of dental visits.
D) no change in the number of dental visits.
Correct Answer:
Verified
Correct Answer:
Verified
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