Figure 6-7 -Refer to Figure 6-7.Suppose a Price Ceiling of $5 Is

question 83

Multiple Choice

Figure 6-7
-Refer to Figure 6-7.Suppose a price ceiling of $5 is imposed on this market.As a result,

• A)the quantity of the good supplied decreases by 20 units.
• B)the demand curve shifts to the left;quantity sold is now 30 units and the price is $5.
• C)buyers' total expenditure on the good decreases by $80.
• D)the price of the good continues to serve as the rationing mechanism.

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Sales

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