If the equilibrium price of good X is 5 and a price ceiling is imposed at 4, the result will be ...

Author Question: If the equilibrium price of good X is 5 and a price ceiling is imposed at 4, the result will be ... (Read 101 times)

melina_rosy

Hero Member
Posts: 531

on: Jun 30, 2018

If the equilibrium price of good X is 5 and a price ceiling is imposed at 4, the result will be a(n):
a. accumulation of inventories of unsold gas. b. shortage.
c. surplus. d. all of these.

Question 2

If the equilibrium price of good X is 4 and a price ceiling is imposed at 5, the result will be a(n):
a. depletion of inventories. b. shortage.
c. surplus. d. equilibrium.

akpaschal

Sr. Member
Posts: 342

Reply #1 on: Jun 30, 2018

Answer to Question 1

b

Answer to Question 2

d

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