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Question is based on the following table showing the supply and demand schedules for hand cleaners. Price Quantitysupplied Quantity demanded R10 100 150 R15 120
Question is based on the following table showing the supply and demand schedules for hand cleaners.
Price Quantitysupplied Quantity demanded
R10 100 150
R15 120 120
R20 140 90
R25 160 60
R30 180 30
If the government establishes a price ceiling of R25, the quantity produced will be
[1] 120.
[2] 140.
[3] 160.
[4] 180
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