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-Refer to the Above Figure

Question 394

Multiple Choice

-Refer to the above figure. If a price ceiling of $3 was set A) the quantity sold would be 80 units. B) there would be a surplus of 40 units. C) there would be a shortage of 40 units. D) there would be a shortage of 20 units.
-Refer to the above figure. If a price ceiling of $3 was set


A) the quantity sold would be 80 units.
B) there would be a surplus of 40 units.
C) there would be a shortage of 40 units.
D) there would be a shortage of 20 units.

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