Figure: Supply and Demand
(Figure: Supply and Demand) Look at the figure Supply and Demand.In the market shown in the figure, a price ceiling of P₁ causes:
A.a shortage equal to the distance AB.
B.a surplus equal to the distance AB.
C.a shortage equal to the distance DE.
D.no change to the market.

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The Answer of Figure: Supply and Demand
(Figure: Supply and Demand) Look at the figure Supply and Demand.In the market shown in the figure, a price ceiling of P₁ causes:
A.a shortage equal to the distance AB.
B.a surplus equal to the distance AB.
C.a shortage equal to the distance DE.
D.no change to the market.