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

question 68

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 and as a result an illegal market develops.What will be the illegal market price?

• A)$2.10.
• B)$2.20.
• C)$2.30.
• D)$2.40.
• E)Cannot be determined.

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The American Federation of Labor, a national federation of labor unions in the United States, initially founded in 1886.

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