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Question 103

Multiple Choice

-Refer to the graph above to answer this question.What would be the effect of a price ceiling set $20 above the equilibrium price? A) A surplus of 100 units. B) A shortage of 100 units. C) 200 units would be sold. D) 300 units would be sold. E) There would be neither a surplus nor a shortage.
-Refer to the graph above to answer this question.What would be the effect of a price ceiling set $20 above the equilibrium price?


A) A surplus of 100 units.
B) A shortage of 100 units.
C) 200 units would be sold.
D) 300 units would be sold.
E) There would be neither a surplus nor a shortage.

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