Business, 21.09.2021 08:30, maisonsuperman5321

Suppose that the equilibrium price of a mountain bike is $250. But then the government decides that people have a right to affordable mountain biking. To protect this new right, the government passes a law setting a maximum price of $150 for a bike. As a result of the legislation, there will be Group of answer choices a greater number of mountain bikes sold than before the legislation. a smaller number of mountain bikes sold than before the legislation. the same number of mountain bikes sold than before the legislation. More information is needed to determine the answer.

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Suppose that the equilibrium price of a mountain bike is $250. But then the government decides that...