Figure 4-2 Given the Demand and Supply Conditions Shown

question 49

Multiple Choice

Figure 4-2 Given the demand and supply conditions shown in Figure 4-2, if the government imposes a price ceiling of a, indicate the quantity consumers would like to buy and the amount producers would be willing to supply.

• A) Consumers would want to buy t; producers would be willing to sell r.
• B) Consumers would want to buy r; producers would be willing to sell t.
• C) Consumers would want to buy t; producers would be willing to sell s.
• D) Consumers would want to buy s; producers would be willing to sell s.

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