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– Nelson Mandela

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B.2.4.1 Teaching Quiz

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Q Question 1 0.5 / 0.5 pts Figure 6-6 Refer to Figure 6-6. Which of the following statements is not correct? Question 2 0.5 / 0.5 pts Figure 6-2 Refer to Figure 6-2. The price ceiling causes quantity Question 3 0.5 / 0.5 pts Figure 6-6 Refer to Figure 6-6. If the government imposes a price ceiling of $8 on this market, then there will be IncorrectQuestion 4 0 / 0.5 pts Figure 6-6 Refer to Figure 6-6. Which of the following price floors would be binding in this market? IncorrectQuestion 5 0 / 0.5 pts Figure 6-6 Refer to Figure 6-6. Which of the following price ceilings would be binding in this market?

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1.A price ceiling set at $9 would result in a surplus. 2.demanded to exceed quantity supplied by 85 units 3.a shortage of 20 units.