Suppose at the Current Price, the Demand for Copper Is

question 238

Multiple Choice

Suppose at the current price, the demand for copper is estimated at -3.14.What happens to sales revenue if the government imposes a price ceiling slightly below the free market equilibrium price in the copper market?

• A)Sales revenue falls.
• B)Sales revenue rises.
• C)Sales revenue remains unchanged because copper is a necessity for most industries.
• D)It cannot be determined without information on prices.

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