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Figure 6-5 -Refer to Figure 6-5.If the Horizontal Line on the Graph

question 348

Multiple Choice

Figure 6-5
Figure 6-5    -Refer to Figure 6-5.If the horizontal line on the graph represents a price ceiling,then the price ceiling is A)  binding and creates a surplus of 40 units of the good. B)  binding and creates a surplus of 90 units of the good. C)  not binding but creates a surplus of 40 units of the good. D)  not binding, and there will be no surplus or shortage of the good.
-Refer to Figure 6-5.If the horizontal line on the graph represents a price ceiling,then the price ceiling is


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