kateemckinney kateemckinney

07-12-2020
Business

contestada

The graph shows the price of a good compared to the quantity demanded and the quantity supplied. A graph titled Price Controls Graph 1 has Quantity on the x-axis and price on the y-axis. Demand has a negative slope and supply has a positive slope. Points are on the demand line and the supply line at the same price. Excess demand is indicated between the 2 points. Both points are below the point of equilibrium. On this graph, what does the green arrow represent? an ineffective price floor set above equilibrium causing a surplus. an effective price floor set below equilibrium causing a shortage. an ineffective price ceiling set above equilibrium causing a surplus. an effective price ceiling set below equilibrium causing a shortage.

Respuesta :

clarkjefferson2004 clarkjefferson2004

30-08-2021

Answer:

An effective price ceiling set below equilibrium causing a shortage.(D)

Explanation:

I took the test

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ogorwyne ogorwyne

09-02-2022

The price ceiling on this graph indicates an effective price floor set below equilibrium causing a shortage.

what is a price ceiling?

This is described in economics to be the maximum amount that the producers or sellers of goods are permitted to charge for their goods and services.

The price ceiling shows that the the price was set below what is the equilibruim price hence the producers have stopped providing the good.

Read more on price ceiling here:

https://brainly.com/question/1448982

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