Refer to the figure above. Now suppose that the government imposes a price ceiling of $40. What is the most likely result?

浏览:384

Refer to the figure above. Now suppose that the government imposes a price ceiling of $40. What is the most likely result?

A.There would be no change in the price.

B.An underground, or black, market would emerge where this product would be sold at a price above $40.

C.Many sellers would go out of business because $40 is above the equilibrium.

D.The market would reach a new equilibrium at a price of $40.

正确答案:There would be no change in the price.

拍照、语音快速搜题神器
点击继续查找该题库答案

发表评论