Use the graph below to answer the questions about price controls. 1. Assume a price ceiling is set at $6. Is there a sho
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Use the graph below to answer the questions about price controls. 1. Assume a price ceiling is set at $6. Is there a sho
questions about price controls. 1. Assume a price ceiling is set at $6. Is there a shortage, surplus or none? 2. If there is a shortage or surplus, how much is it? If there is none, write none. 3. If a price ceiling is set at $10. Is there a shortage, a surplus or none? 4. If there is a shortage or surplus, how much is it? If there is none, write none. 20 18 16 24 12 10 Trice . 6 2 S D 0 10 20 30 40 50 60 70 80
Use the graph below to answer the