Use the Figure Below to Answer the Following Questions

question 29

Multiple Choice

Use the figure below to answer the following questions. Figure 6.1.2
-Refer to Figure 6.1.2.What would be the maximum black market price of the good if a price ceiling is set at $10 a unit?

• A)$10
• B)$15
• C)$20
• D)50 goods sold at $10 and 50 goods sold at $20
• E)50 goods sold at $10 and 50 goods sold at $15