?Strawberries (pounds)
Consider the above table. Assuming the government imposes a price ceiling on strawberries of $4 per pound, what would be the likely result?
A. a surplus of 2,000 pounds of strawberries
B. No change, equilibrium would prevail.
C. a shortage of 2,000 pounds of strawberries
D. The quantity demanded of strawberries would fall to zero.
Answer: C
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