01 May Question: Price per visit Quantity demanded Quantity supplied $20 300 150 25 275 175 …
| Price per visit | Quantity demanded | Quantity supplied |
| $20 | 300 | 150 |
| 25 | 275 | 175 |
| 30 | 250 | 200 |
| 35 | 225 | 225 |
| 40 | 200 | 250 |
| 45 | 175 | 275 |
| 50 | 150 | 300 |
Assuming the original four physicians, if a price ceiling is set at $25 per office visit, the outcome of such a policy will be a. A stable equilibrium. b. Higher quantity supplied than demanded. c. An oversupply of physician visits. d. A shortage of physician visits. e. None of the above.
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