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(Figure: Price and Quantity IV) at a Price Ceiling of $8

question 106

Multiple Choice

(Figure: Price and Quantity IV) At a price ceiling of $8, there is a shortage of _____ and a deadweight loss of _____. (Figure: Price and Quantity IV)  At a price ceiling of $8, there is a shortage of _____ and a deadweight loss of _____.   A)  200 pounds; $1,200 B)  500 pounds; $400 C)  300 pounds; $600 D)  300 pounds; $300


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