TABLE 4-2 -Refer to Table 4-2. Suppose That D₁ and S₂ Are

question 31

Multiple Choice

TABLE 4-2

-Refer to Table 4-2. Suppose that D₁ and S₂ are the demand and supply schedules for Product A. What will result if the government imposes a price ceiling of $4?

• A) a 10 unit surplus
• B) a 5 unit surplus
• C) a 5 unit shortage
• D) a 10 unit shortage

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