Exhibit 4-9 Price of Good X Quantity Demanded Quantity Supplied $10 220 90 11 200 100 12 180 130 13 150 150 14 120 190 15 80 260 Refer to Exhibit 4-9. Suppose that the government imposes a price ceiling at a price of $11. How many fewer units would be exchanged at the price ceiling than would be exchanged at the equilibrium price?

The market of good X will experiment a decrease of 50 units in the untis available as will drop to 100 units from 150

Explanation:

PriceQdQs

10       22090

11       200100

12        180  130

13        150150

14        120190

15        80260

At a celling of $11 dollars the people would demand for 200 untis but suppliers will only be willing to produce and sell 100 untis.

The equilibrium price of $13 match for 150 units

Therefore,the decrease will be 50 units

answer; i believe that the correct answer is ( owners investment)

answer; no individual buyer or seller has any significant impact on the market price;