Business, 23.03.2021 02:20 kathyc53

The market for apples is in equilibrium at a price of $0.50 per pound. If the government imposes a price ceiling in the market at $0.40 per pound: a. the price ceiling will not affect the market price or output. b. quantity supplied will increase. c. there will be a shortage of the good. d. quantity demanded will decrease.

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The market for apples is in equilibrium at a price of $0.50 per pound. If the government imposes a p...