1 answer

Please help with questions 3, 4 and 5. Ignore my notes on the side. Thank you!...

Question:

200 2 300 2. Use e graph bel ar d Price ( Quity ahis mackt will ber y boege an rw iprice t5100,e aed the will bea mek 225 sg Please help with questions 3, 4 and 5. Ignore my notes on the side. Thank you!

200 2 300 2. Use e graph bel ar d Price ( Quity ahis mackt will ber y boege an rw iprice t5100,e aed the will bea mek 225 sg e is price ceng t al 180 hoge 250, shoage 3.00, de gaity hongh 4 and thee wil be a mak a. 4 The papose of seting pice ceiling below de eqube price is so tspplia from grice hactuons in low price fr bayers in the mark cse aaket shortages preveat mket rplses 4. Chapter 7 Amigeent 155 sssa

Answers

Ans.3- (C)

There will be surplus since supply is greater than demand.

Ans.4- (A)

Ans.5- (B)

A price ceiling is a government-imposed price control, or limit, on how high a price is charged for a product, commodity, or service. Governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive.

If you have any doubt feel free to ask.

.

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