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Suppose government imposes a ceiling price of $4 on hamburger. This results in
a surplus of 400 tons of hamburger
a surplus of 200 tons of hamburger
a shortage of hamburger
consumers purchasing 700 tons of hamburger at a price of $3

Respuesta :

truonghanhduyen

Answer:

a shortage of hamburger

Explanation:

The price is adjusted by demand and supply.

Once the demand is more/ higher than supply, the price will increase and vice versa.

However to avoid instability, especially as the price of main consuming goods increase too much, the government may imposes a ceiling price. In this case, government imposes a ceiling price of $4 on hamburger.