Demand and Supply Schedules for Chocolate Bars

question 47

Multiple Choice

Demand and Supply Schedules for Chocolate Bars
TABLE 5-1
-Refer to Table 5-1.Suppose that as a public-health measure the government wants to reduce the number of chocolate bars that children consume.To achieve this outcome the government could implement which of the following policies?

• A)Impose an equilibrium price of $1.80.
• B)Impose a price floor of $1.80.
• C)Impose a price ceiling of $1.80.
• D)Impose an equilibrium price of $1.20.
• E)Impose a price ceiling of $2.00.

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