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|HACC|edu - Portal x B : Quiz Submissions - Exam 1 - CX X + ehacc.hacc.edu/d21/Ims/quizzing/user/quiz_submissions_attempt.d21?isprv=&qi=477302&ai=5115690&isinPopup=0&cfql=08fromQB=08/fromSubmissionsList=1&ou. ops M Gmail YouTube Maps Quantity Price of Good

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|HACC|edu - Portal x B : Quiz Submissions - Exam 1 - CX X + ehacc.hacc.edu/d21/Ims/quizzing/user/quiz_submissions_attempt.d21?isprv=&qi=477302&ai=5115690&isinPopup=0&cfql=08fromQB=08/fromSubmissionsList=1&ou. ops M Gmail YouTube Maps Quantity Price of Good X Quantity Demanded Supplied $10 220 110 11 200 150 12 180 180 13 150 210 14 120 240 15 80 290 Refer to Exhibit 4-9. Suppose that the government imposes a price ceiling at a price of $10. The number of units that would be exchanged in this market would be 180, since that is the equilibrium price and the price ceiling is below the equilibrium price. 220, since that is the number of units demanded at the price ceiling (and the quantity demanded is greater than the quantity supplied). . 110, since that is the number of units supplied at the price ceiling (and the quantity supplied is less than the quantity demanded). 165, since that is the average of the quantity demanded and the quantity supplied at the price ceiling. Question 31 Exhibit 4-9

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