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Pts question 15 exhibit 4 11 price of good abc

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4 / 4 ptsQuestion 15Exhibit 4-11Price of Good ABCQuantity DemandedQuantity Supplied$41004058080660110750160Refer to Exhibit 4-11. Suppose that the government imposes a priceceiling in the market for good ABC at a price of $4. The number of unitsthat would be exchanged in the market for good ABC at the price ceilingwould be _________ units.60
2/3/22, 10:10 AMModule 4 - Graded Quiz: Chapter 5: ECON 211 Macroeconomics - Jan 2022 - Blended Learning40100204 / 4 ptsQuestion 16Exhibit 4-9Price of Good XQuantityDemandedQuantitySupplied$1022090112001001218013013150150141201901580260Refer to Exhibit 4-9. Suppose that the government imposes a priceceiling at a price of $10. _________ units would be exchanged in a freemarket, and ____________ units would be exchanged with the priceceiling in effect.
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2/3/22, 10:10 AMModule 4 - Graded Quiz: Chapter 5: ECON 211 Macroeconomics - Jan 2022 - Blended Learning150; 2204 / 4 ptsQuestion 17Which of the following wouldnotresult from a price ceiling (set belowthe equilibrium price)?
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4 / 4 ptsQuestion 18A minimum wage law (that sets the minimum wage above theequilibrium wage, can be expected to
2/3/22, 10:10 AMModule 4 - Graded Quiz: Chapter 5: ECON 211 Macroeconomics - Jan 2022 - Blended Learning0 / 4 ptsQuestion 19IncorrectIncorrectIf the minimum wage is set above the equilibrium wage, thennone of the options.fewer people will want to work than at the equilibrium wage.there will be fewer labor hours purchased by employers than at theequilibrium wage.more people will work than at the equilibrium wage.the same number of people will work as at the equilibrium wage.
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Term
Fall
Professor
RANDALLH.BARCUS

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