if-the-equilibrium-price-is-200-and-a-price-ceiling-is-set-at-150-what-happens-t

Question

If the equilibrium price is $200 and a price ceiling is set at $150, what happens to the quantity supplied?

Accepted Answer

It decreases.

Answer

It becomes zero.

Answer

It increases.

Answer

It remains the same.

If the equilibrium price is \$200 and a price ceiling is set at \$150, what happens to the quantity supplied?