if-the-equilibrium-price-is-150-and-a-price-ceiling-is-set-at-100-what-happens-t

Question

If the equilibrium price is $150 and a price ceiling is set at $100, what happens to the quantity demanded?

Accepted Answer

It increases.

Answer

It remains the same.

Answer

It becomes zero.

Answer

It decreases.

If the equilibrium price is \$150 and a price ceiling is set at \$100, what happens to the quantity demanded?