LOCAL STANDARDS:United States - OH - Default City - DISC: Supply and DemandKEYWORDS:Bloom's: Application7. Refer to Exhibit 4-1. How many fewer units are exchanged because of the price ceiling than would have beenexchanged at the equilibrium price?a
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POINTS:1DIFFICULTY:ChallengingNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Supply and DemandKEYWORDS:Bloom's: Application8. Refer to Exhibit 4-1. Suppose the good shown is being sold at the $6 price ceiling. At a quantity of 75 units, what is themaximum per-unit price buyers would be willing to pay for a good "tied" to the good shown in the exhibit?d
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POINTS:1DIFFICULTY:ChallengingNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Supply and DemandKEYWORDS:Bloom's: Application9. Refer to Exhibit 4-1. Some buyers will offer sellers $7 per unit instead of the $6 price ceiling becausec
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POINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Supply and DemandKEYWORDS:Bloom's: Application10. Refer to Exhibit 4-1. In a free market, ________ units of the good would be exchanged. With a price ceiling, _______units of the good would be exchanged.a. 125; 75
