ECO 201 Study Guide - Final Guide: Price Ceiling, Economic Surplus, Economic Equilibrium
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Instructions: put your unique id and fill in your form # on your scantron. Exams with incorrect unique id"s or form numbers will lose 3 percentage points! Read each question carefully and choose the best answer. Circle the answer on your exam sheet and bubble in the appropriate circle on your scantron. Turn both the exam and scantron in when you are finished. Keep your eyes on your own paper and come to the front one at a time with questions. You have 75 minutes to complete the exam. If a price ceiling of is imposed in the market, there will be a surplus of surplus of 200 units surplus of 220 units shortage of 200 units shortage of 220 units. in surplus will be transferred from consumers to producers. in surplus will be transferred from producers to consumers. in surplus will be transferred from consumers to producers.
