Figure 6-31 ​

question 507

Multiple Choice

Figure 6-31 ​
-Refer to Figure 6-31. Suppose that a price ceiling is imposed in this market at a price of $30 and market demand for the good subsequently increases. This would

• A)​decrease the size of the surplus.
• B)​decrease the size of the shortage.
• C)​increase the size of the surplus.
• D)​increase the size of the shortage.

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