Which of the following is likely to happen if the government imposes a price control at $60, when the demand curve shifts to D2?
A) There will be a shortage of 15 units of the good in the market.
B) There will be a surplus of 15 units of the good in the market.
C) There will be a shortage of 10 units of the good in the market.
D) There will be a surplus of 10 units of the good in the market.
A
Economics
You might also like to view...
Refer to the table above. What is the shortage in the market when the price of a notebook is $3?
A) 4 units B) 10 units C) 16 units D) 20 units
Economics
Refer to the scenario above. This game ________
A) has a unique Nash equilibrium B) has a unique dominant strategy equilibrium C) does not have a dominant strategy equilibrium D) does not have a Nash equilibrium
Economics