In the diagram above, what will happen if the government sets the price for Internet access at Point B?

There will be a shortage of Internet access.
There will be a surplus of Internet access.
The price of Internet access will rise to meet equilibrium.
The price of Internet access will fall to meet equilibrium.

In the diagram above what will happen if the government sets the price for Internet access at Point B There will be a shortage of Internet access There will be class=

Respuesta :

Answer:

There will be a shortage of Internet access.

Explanation:

From the graph shown below, it could be seen that the slope is a typical slope obtained in a graph of demand-supply curve. Going by the demand-supply theory, it means that, the higher the price of a service or goods the lower the quantity demanded and vice versa.

For the internet access, since the price is set at point B (lower price), definitely, there will be shortage of internet access. This is because, the price is cheap thereby lower revenue to the government.

Answer:

A

Explanation:

A shortage of internet access