The Following Table Shows the Demand For,and Supply Of,soya Milk

question 100

Multiple Choice

The following table shows the demand for,and supply of,soya milk in a particular market (the quantities are in thousands of liters per day) :

-Refer to the above information to answer this question.Suppose that the government introduces an effective price ceiling which is 20 cents different from the equilibrium price.What will be the result?

• A)A surplus of 6.
• B)A surplus of 12.
• C)A surplus of 18.
• D)A shortage of 12.
• E)140 would be purchased.

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