Use the data from the chart above. If you are a seller in this business, what would happen to market supply if the government sets a price ceiling below P30?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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1. Use the data from the chart above. If you are a seller in this business, what would happen to
market supply if the government sets a price ceiling below P30?

Price
Supply
50-
40-
30-
20-
10-
Demand
2
4
6 8
10
12
Quantity
Transcribed Image Text:Price Supply 50- 40- 30- 20- 10- Demand 2 4 6 8 10 12 Quantity
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