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Reference: Ref 8-3 (Figure: Government Price Controls) Refer to the Figure

question 73

Multiple Choice

  Reference: Ref 8-3 (Figure: Government Price Controls)  Refer to the figure. The government enacts a price control causing a shortage of 15 units of the good. Therefore, the ________ is set at ________. A)  price floor; $31 B)  price floor; $17 C)  price ceiling; $10 D)  price ceiling; $17 Reference: Ref 8-3 (Figure: Government Price Controls) Refer to the figure. The government enacts a price control causing a shortage of 15 units of the good. Therefore, the ________ is set at ________.


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