Question: D Question 3 10 S-MC Price ($/unit) 8 6 4 2 D = MB 0 50 100 150 Quantity (units/time) An effective (binding) price ceiling

 D Question 3 10 S-MC Price ($/unit) 8 6 4 2

D = MB 0 50 100 150 Quantity (units/time) An effective (binding)

D Question 3 10 S-MC Price ($/unit) 8 6 4 2 D = MB 0 50 100 150 Quantity (units/time) An effective (binding) price ceiling of $4 would cause a in the amount of |units. O surplus: 100 shortage: 50 shortage: 100 O surplus: 50

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