Author Question: Demand and Supply Schedules for Chocolate BarsPrice($)Quantity Demanded(thousands per week)Quantity ... (Read 146 times)

JimmyJoe · **on:** Oct 12, 2022

Demand and Supply Schedules for Chocolate Bars

Price ($)	Quantity Demanded (thousands per week)	Quantity Supplied (thousands per week)
2.00	1500	2100
1.80	1600	2050
1.60	1700	2000
1.40	1800	1950
1.20	1900	1900
1.00	2000	1850
0.80	2100	1800
0.60	2200	1750
0.40	2300	1700

TABLE 5-1

Refer to Table 5-1. Suppose that as a public-health measure the government wants to reduce the number of chocolate bars children consume. To achieve this outcome the government could implement which of the following policies?
◦ Impose a price floor of $1.80.
◦ Impose an equilibrium price of $1.20.
◦ Impose a price ceiling of $2.00.
◦ Impose a price ceiling of $1.80.
◦ Impose an equilibrium price of $1.80.

msgero · **Reply #1 on:** Oct 12, 2022

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