28 24 20 16 12 8 D 4 8 12 16 20 Q 24 Given a price ceiling set at $8, what would be the quantity traded in this market? 2. Given a price floor set at $16, what would be the quantity traded in this market? a) 4 b) 5 c) 7 d) 8 e) 9 f) 12 g) 13

28 24 20 16 12 8 D 4 8 12 16 20 Q 24 Given a price ceiling set at $8, what would be the quantity traded in this market? 2. Given a price floor set at $16, what would be the quantity traded in this market? a) 4 b) 5 c) 7 d) 8 e) 9 f) 12 g) 13

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

28
24
20
16
12
4
4.
8
12
16
20
24
1 Given a price ceiling set at $8, what would be the quantity traded in this
market?
2. Given a price floor set at $16, what would be the quantity traded in this
market?
a) 4
b) 5
c) 7
d) 8
e) 9
f) 12
g) 13
h) 16
i) 1
P.

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17
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