10 9 8 7 6 5 4 3 2 ID 3 6 9 12 15 18 21 24 27 30 quantity A price ceiling set at: a. $4 will be binding and will result in a shortage of 6 units. b. $4 will be non-binding c. $7 will be binding and will result in a surplus of 6 units. $7 will be non-binding d.

10 9 8 7 6 5 4 3 2 ID 3 6 9 12 15 18 21 24 27 30 quantity A price ceiling set at: a. $4 will be binding and will result in a shortage of 6 units. b. $4 will be non-binding c. $7 will be binding and will result in a surplus of 6 units. $7 will be non-binding d.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter4: Demand, Supply, And Markets

Section: Chapter Questions

Problem 3.4P

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Question

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1
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D
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3 6 9 12 15 18 21 24 27 30 quantity
A price ceiling set at:
a. $4 will be binding and will result in a shortage of 6 units.
b. $4 will be non-binding
c. $7 will be binding and will result in a surplus of 6 units.
d. $7 will be non-binding

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