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-Consider the Above Table

Question 118

Multiple Choice

-Consider the above table. Assuming the government imposes a price ceiling on strawberries of $4 per pound, what would be the likely result? A) a surplus of 2,000 pounds of strawberries B) a shortage of 2,000 pounds of strawberries C) No change, equilibrium would prevail. D) The quantity demanded of strawberries would fall to zero.
-Consider the above table. Assuming the government imposes a price ceiling on strawberries of $4 per pound, what would be the likely result?


A) a surplus of 2,000 pounds of strawberries
B) a shortage of 2,000 pounds of strawberries
C) No change, equilibrium would prevail.
D) The quantity demanded of strawberries would fall to zero.

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