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-Refer to Exhibit 4-3

question 120

Multiple Choice

  -Refer to Exhibit 4-3.If price P<sub>3</sub> is a price ceiling,then A)  the price ceiling does not have an effect on the market for good X. B)  the price at which exchange takes place is P<sub>3</sub>. C)  the price at which exchange takes place is P<sub>2</sub>. D)  there is a shortage in the market for good X. E)  both a and c
-Refer to Exhibit 4-3.If price P3 is a price ceiling,then


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