(Table: The Market for Soda) Use Table: The Market for Soda.If the government imposes a price ceiling of $1 per can of soda,the quantity of soda demanded will be _____ cans.

A) 10
B) 8
C) 6
D) 4

Question

(Table: The Market for Soda) Use Table: The Market for Soda.If the government imposes a price ceiling of $1 per can of soda,the quantity of soda demanded will be _____ cans.A) 10B) 8C) 6D) 4

Vance-Cady Gordon · Accepted Answer

Final Answer : B, Explanation :  A price ceiling set below the equilibrium price (which is not provided in the question but is implied to be above $1) causes the quantity demanded to increase due to the lower price. Without the specific table data, we typically expect the quantity demanded to rise above the equilibrium quantity because consumers will want to buy more of the product since it's cheaper. However, since we can't see the actual table, the correct answer is chosen based on the assumption that a price ceiling of $1 would increase demand to a point reflected by the given options.

(Table: The Market for Soda) Use Table: The Market for Soda.If the government imposes a price ceiling of $1 per can of soda,the quantity of soda demanded will be _____ cans.

A) 10
B) 8
C) 6
D) 4

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