Price of Quantity Quantity
Good X Demanded Supplied
$10 220 110
11 200 150
1...
Price of Quantity Quantity
Good X Demanded Supplied
$10 220 110
11 200 150
12 180 180
13 150 210
14 120 240
15 80 290
Suppose that the government imposes a price ceiling at a price of $10. units would be exchanged in a free market, and units would be exchanged with the price ceiling in effect.
a) 150; 220 b) 150; 70 c) 110; 180 d) 150; 90
Answers: 2
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