(Figure: Market) Refer to the graph. Suppose that a binding price ceiling of $25 is removed. The actual number of items sold in this market will:
A)decrease from 25 to 30.
B)decrease from 75 to 50.
C)increase from 40 to 50.
D)increase from 50 to 75.

Question

(Figure: Market) Refer to the graph. Suppose that a binding price ceiling of $25 is removed. The actual number of items sold in this market will: 
A)decrease from 25 to 30. 
B)decrease from 75 to 50. 
C)increase from 40 to 50. 
D)increase from 50 to 75.

Quizplus · Accepted Answer

The Answer of (Figure: Market) Refer to the graph. Suppose that a binding price ceiling of $25 is removed. The actual number of items sold in this market will: 
A)decrease from 25 to 30. 
B)decrease from 75 to 50. 
C)increase from 40 to 50. 
D)increase from 50 to 75.

(Figure: Market) Refer to the Graph