In the diagram to the right, click on any purple line and drag the price slider...

 

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In the diagram to the right, click on any purple line and drag the price slider as high as possible. Think about why it is impossible to push the price up to the market-clearing equilibrium price. According to the accompanying graph, when the government imposes a price ceiling of $25 the quantity of goods that will be traded is O A. 200. B. 0. O C. 100. OD. 150. Price 80- 70- 60- 50- 40- 30- 20- 10- 0- 0 I 50 I 1 Qs I 100 7 7 150 Quantity S Price Ceiling - 200 D Qd 250 G 300 In the diagram to the right, click on any purple line and drag the price slider as high as possible. Think about why it is impossible to push the price up to the market-clearing equilibrium price. According to the accompanying graph, when the government imposes a price ceiling of $25 the quantity of goods that will be traded is O A. 200. B. 0. O C. 100. OD. 150. Price 80- 70- 60- 50- 40- 30- 20- 10- 0- 0 I 50 I 1 Qs I 100 7 7 150 Quantity S Price Ceiling - 200 D Qd 250 G 300

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