At a Price Ceiling of $6 Per Sheet of Drywall

question 153

Multiple Choice

At a price ceiling of $6 per sheet of drywall, quantity demanded is 100 and quantity supplied is 75. What will happen in the drywall market if there is an increased demand for drywall in the construction industry?

• A) Equilibrium will be restored.
• B) The shortage of drywall will fall below 25 units.
• C) The shortage of drywall will increase above 25 units.
• D) The surplus of drywall will increase above 25 units.

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Definitions:

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