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The image contains a question related to a supply and demand schedule, asking about the market clearing and price ceiling effects.

### Given Table: Supply and Demand Schedule (in units per week for a product)

| Price | Quantity Demanded | Quantity Supplied |
|-------|-------------------|------------------|
| 50    | 100               | 400              |
| 40    | 140               | 340              |
| 30    | 180               | 280              |
| 20    | 220               | 220              |
| 10    | 360               | 160              |

### Problem Statement:
- The demand is increased by 100 units at each price level.
- The government sets a price ceiling of $50.

### Multiple Choice Question Options:
1. The market would clear at $40 since it is less than the ceiling price of $50.
2. The equilibrium price would be $50.
3. The market would clear at $50 since $50 is the ceiling price. (**Selected option in the image**)
4. There would be a decrease in demand.

### Solution:

#### Step 1: Adjust the Demand by 100 Units
The demand schedule after adding 100 units at each price level:

| Price | New Quantity Demanded | Quantity Supplied |
|-------|-----------------------|------------------|
| 50    | 200                   | 400              |
| 40    | 240                   | 340              |
| 30    | 280                   | 280              |
| 20    | 320                   | 220              |
| 10    | 460                   | 160              |

#### Step 2: Analyze Market Equilibrium and Price Ceiling
- **Equilibrium** is where quantity demanded equals quantity supplied.
  - At a price of **$30**, the new demand (280 units) matches the supply (280 units). Therefore, the new equilibrium price would be **$30**.
  
- **Price Ceiling**: A price ceiling is a maximum legal price. The price cannot exceed **$50**, but the market would naturally clear at **$30** due to the supply-demand equilibrium.

#### Step 3: Conclusion
- The correct answer would not be that the market clears at $50, because the equilibrium price is **$30**, which is lower than the price ceiling of $50.
- Therefore, **Option 1** ("The market would clear at $40 since it is less than the ceiling price of $50") seems incorrect since the equilibrium price is $30.
- **Option 3** (the selected option in the image) is incorrect because the market clears below the price ceiling, at $30.
- **Option 2** is also incorrect because the equilibrium price is not $50.
- **Option 4** is incorrect, as there is no mention of decreasing demand.

### Correct Answer:
None of the provided options correctly address that the market clears at **$30** due to the equilibrium.

Would you like further explanation, or have any questions about this? 

Here are 5 related questions you can explore:
1. What are the effects of a price ceiling below the equilibrium price?
2. How does a shift in demand impact equilibrium price and quantity?
3. What happens when the government imposes a price floor instead of a ceiling?
4. How does the supply curve shift when production costs increase?
5. How do black markets form under price controls like ceilings?

**Tip:** Always check whether the price ceiling is binding (below the equilibrium) or non-binding (above the equilibrium) when analyzing its effects on the market.

Answer the question based on the following supply and demand schedules in units per week for a product. If demand increased by 100 units at each price level and the government set a price ceiling at $50, determine the market conditions.

Analyze a supply and demand market scenario where demand increases by 100 units and a price ceiling is set at $50. The solution involves identifying the equilibrium price and understanding market clearing under price controls. Suitable for Grades 10-12.

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