Question

Use the figure below to answer the following question. Price (dollars per unit per month) 50 100 150 200 250 Quantity (units per month) Figure 7 34) Refer to Figure 7. If a rigorously enforced price ceiling is set at $10, then A) 100 units will be sold at a price of $15 each. B) 100 units will be sold at a price of $10 each. C) 200 units will be sold at a price of $10 each. D) 150 units will be sold at a price of $15 each. E) 100 units will be sold at a price of $20 each.