The market for burritos in a college town is shown to the right. Due to concern about the affordability of burritos, the government restricts sellers from charging a price over $7. As a result, the quantity of burritos consumed will A. increase. B. remain unchanged. OC. decrease. O D. be indeterminable. Price 16- 14- 12- 10- 8- 6- 4- 2- 0- 0 20 40 60 80 100 Quantity S 120 D 140 160

The market for burritos in a college town is shown to the right. Due to concern about the affordability of burritos, the government restricts sellers from charging a price over $7. As a result, the quantity of burritos consumed will A. increase. B. remain unchanged. OC. decrease. O D. be indeterminable. Price 16- 14- 12- 10- 8- 6- 4- 2- 0- 0 20 40 60 80 100 Quantity S 120 D 140 160

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 10PA

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