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Figure: Price Ceiling (Figure: Price Ceiling) Refer to the Figure

Question 8

Multiple Choice

Figure: Price Ceiling Figure: Price Ceiling (Figure: Price Ceiling) Refer to the figure. If a price ceilingwere set at $12, there would be a: A) shortage of 50 units. B) surplus of 40 units. C) shortage of 0 units. D) surplus of 20 units. (Figure: Price Ceiling) Refer to the figure. If a price ceilingwere set at $12, there would be a: