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Suppose a government wants to make museums more affordable. They impose a price ceiling of $15 on museum tickets. This price ceiling is binding so
Suppose a government wants to make museums more affordable. They impose a price ceiling of $15 on museum tickets. This price ceiling is binding so it creates a shortage. People can easily resell their museum tickets on the black market for $40. In this scenario, what is the minimum total opportunity cost of someone going to a museum? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a $40 b $15 c $55 d $25
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