Author Question: The table shows the quantity of office space that is demanded and supplied at various ... (Read 154 times)

yulisa3298 · **on:** Nov 23, 2022

Question 1

Price Ceilings and their Consequences

The table shows the quantity of bread that is demanded and supplied at various prices.

Price	Quantity Demanded	Quantity Supplied
1.50	540	190
2.50	450	275
3.50	360	360
4.50	270	445

The government sets a price ceiling at $2.50. The price ceiling causes a ________ (shortage/surplus) of ________.
◦ shortage, 175
◦ surplus, 350
◦ shortage, 350
◦ surplus, 175

Question 2

The table shows the quantity of office space that is demanded and supplied at various prices.

Price	Quantity Demanded	Quantity Supplied
1000	235.714286	172.222222
1250	200	200
1500	164.285714	227.777778
1750	128.571429	255.555556

The government sets a price ceiling at $1500. The price causes a ________ (shortage/surplus) of ________.
◦ shortage, 63.4920635
◦ surplus, 63.4920635
◦ shortage, 0
◦ surplus, 164.285714

brunoanthony · **Reply #1 on:** Nov 23, 2022

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 29% of students answer this correctly