Exhibit 4-10 Supply and Demand Data for Apricots Which

Exhibit 4-10 Supply and demand data for apricots Which of the following would occur if the government set a price ceiling of $1 in the market shown in Exhibit 4-10?

A) There would be a shortage of apricots.
B) Buyers would not want to purchase all of the apricots that are supplied.
C) There would be a surplus of apricots.
D) Farmers would reduce the number of acres allocated to the growing of apricots.