{"id":1109,"date":"2017-10-15T10:32:23","date_gmt":"2017-10-15T04:32:23","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/in-a-competitive-market-the-market-demand-is-qd-70-3p-and-the-market-supply-is-qs-6p-a-price-ceiling-of-4-will-result-in-a\/"},"modified":"2017-10-15T10:32:23","modified_gmt":"2017-10-15T04:32:23","slug":"in-a-competitive-market-the-market-demand-is-qd-70-3p-and-the-market-supply-is-qs-6p-a-price-ceiling-of-4-will-result-in-a","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/in-a-competitive-market-the-market-demand-is-qd-70-3p-and-the-market-supply-is-qs-6p-a-price-ceiling-of-4-will-result-in-a\/","title":{"rendered":"In a competitive market, the market demand is Qd = 70 – 3P and the market supply is Qs = 6P. A price ceiling of $4 will result in a"},"content":{"rendered":"","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[59],"subject":[5],"education_level":[],"class_list":["post-1109","mcq","type-mcq","status-publish","hentry","topic-demand-and-supply","subject-managerial-economics"],"mcq_note":"In a competitive market, the market demand is Qd = 70 - 3P and the market supply is Qs = 6P. A price ceiling of $4 will result in a shortage of 34 units.","mcq_options":[{"right":"no","answer":" shortage of 24 units. "},{"right":"yes","answer":" shortage of 34 units. "},{"right":"no","answer":" surplus of 58 units. "},{"right":"no","answer":" surplus of 34 units. "}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":59,"title":"Demand and Supply","slug":"demand-and-supply"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/1109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=1109"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1109"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1109"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1109"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=1109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}