Refer to the above figure. If the government imposes a price ceiling of $60

A) the quantity traded will be 150, and the price will be $40.
B) the quantity traded will be 100, and the price will be $60.
C) the quantity traded will be 200, and the price will be $60.
D) the quantity traded will be 150, and the price will be $60.


A

Economics

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