The market for burritos in a college town is shown to the right. Due to concern about the affordability of burritos, the government restricts sellers from charging a price over $7. As a result, the quantity of burritos consumed will A. increase. B. remain unchanged. OC. decrease. O D. be indeterminable. Price 16- 14- 12- 10- 8- 6- 4- 2- 0- 0 20 40 60 80 100 Quantity S 120 D 140 160

The market for burritos in a college town is shown to the right. Due to concern about the affordability of burritos, the government restricts sellers from charging a price over $7. As a result, the quantity of burritos consumed will A. increase. B. remain unchanged. OC. decrease. O D. be indeterminable. Price 16- 14- 12- 10- 8- 6- 4- 2- 0- 0 20 40 60 80 100 Quantity S 120 D 140 160

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

The market for burritos in a college town is shown to the right. Due
to concern about the affordability of burritos, the government
restricts sellers from charging a price over $7. As a result, the
quantity of burritos consumed will
O A. increase.
B. remain unchanged.
O C. decrease.
O D. be indeterminable.
Price
16-
14-
12-
10-
8-
6-
4-
2-
0-
0
20
S
40 60 80 100 120
Quantity
D
140
160

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