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1			Suppose that government introduces an effective price floor that is $0.20 different from the equilibrium price. What will be the result?
			A)	140 units will be sold.
			B)	The quantity traded will be 156.
			C)	There will be a shortage.
			D)	The price will be $1.90 and quantity sold will be 156.

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2			Suppose that government introduces an effective price ceiling that is $0.20 different from the equilibrium price and as a result an illegal market develops. What will be the illegal market price?
			A)	$2.10
			B)	$2.20
			C)	$2.30
			D)	$2.40
			E)	Cannot be determined

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3			Suppose that government introduces an effective price ceiling that is $0.20 different from the equilibrium price and at the same time supply increases by 12 units. What will be the result?
			A)	Price will be $2.30, and quantity traded will be 164.
			B)	Price will be $2.30, and quantity traded will be 152.
			C)	Price will be $1.90, and quantity traded will be 156.
			D)	Price will be $1.90, and quantity sold will be 144.