Table 6-1 -Refer to Table 6-1. Suppose the Government Imposes a Price

question 148

Multiple Choice

Table 6-1
-Refer to Table 6-1. Suppose the government imposes a price ceiling of $40 on this market. What will be the size of the shortage in this market?

• A)0 units
• B)400 units
• C)1200 units
• D)1600 units

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