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A graph of price, P , versus quantity, Q , shows a supply curve, S , rising linearly from ( 1 5 , 1 )

A graph of price, P, versus quantity, Q, shows a supply curve, S, rising linearly from (15,1) to (85,8), and a demand curve, D, descending linearly from (20,9) to (60,1). The curves intersect at (45,4).
Refer to Figure 6-8. When a certain price control is imposed on this market, the resulting quantity of the good that is actually bought and sold is such that buyers are willing and able to pay a maximum of P 1 dollars per unit for that quantity and sellers are willing and able to accept a minimum of P 2 dollars per unit for that quantity. If P 1- P 2= $3, then the price control is
a. a price ceiling of $3.00.
b. a price ceiling of $5.00.
c. a price floor of $6.00.
d. either a price ceiling of $3.00 or a price floor of $6.00.

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