Exhibit 4-13 -Refer to the Exhibit.Which of the Following Best Describes What

question 164

Multiple Choice

Exhibit 4-13

-Refer to the exhibit.Which of the following best describes what happens at the price ceiling, P?  

• A) The excess quantity demanded equals 800 units.
• B) The excess quantity demanded equals 300 units.
• C) The excess quantity supplied equals 500 units.
• D) The excess quantity supplied equals 300 units.

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