Question: Figure 4-1 Price Quantity Quantity Per Pair Demanded Supplied $ 2 18 3 $ 4 14 4 $ 6 10 5 $ 8 6 6

 Figure 4-1 Price Quantity Quantity Per Pair Demanded Supplied $ 2

Figure 4-1 Price Quantity Quantity Per Pair Demanded Supplied $ 2 18 3 $ 4 14 4 $ 6 10 5 $ 8 6 6 $10 N 8 3. Figure 4-1 shows the supply and demand for socks. If a price ceiling of $10 per pair is imposed by government, the number of pairs actually purchased will be a. 2 pairs b. 8 pairs C. 5 pairs d. 1 pair e. 6 pairs 4. Figure 4-1 shows the supply and demand for socks. If a price floor of $10 per pair is imposed by t government, the number of pairs actually purchased will be a. 2 pairs b. 8 pairs C. 5 pairs d. 1 pair e. 6 pairs

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