Question

Consider the above table. if the government imposes a price ceiling on garbanzo beans of? $8, what would be the likely? result

Answer 1

On the off chance that the government forces a price ceiling on garbanzo beans of $8 it will come about the market equilibrium will be reached.
Market equilibrium is a state in which the market supply in the market is equivalent to the request in the market. The equilibrium price is the cost of a decent or administration when the supply of it is equivalent to the interest for it in the market.