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student18018

Econ

Suppose the equilibrium price of an economics textbook is $200. The government decides the price of economics textbooks is too high for students and imposes a price ceiling of $150 per book. As a result of the price ceiling,

Select one:
A. the number of economics textbooks purchased will increase.
B. the demand curve for economics textbooks shifts to the right.
C. the quantity demanded of economics textbooks increases and the quantity supplied of economics textbooks decreases
D. the supply curve for economics textbooks shifts to the left.

解答 0

  • Danny1210
    2020-06-07 00:55:06
    c
  • Danny1210
    2020-06-07 00:57:04
    because having the price ceiling won't change the demand or supply and if there a price ceiling , the purchased quantity will decrease
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