(Figure: Market for Printed Houses) Consider the market for environmentally friendly three-dimensional printed houses that is shown in the figure. The government wants to encourage buyers to buy such houses and places a price ceiling on the market at $200,000 per house. What occurs in this market after the implementation of the price ceiling? 
A) a shortage of 100,000 houses.
B) a shortage of 300,000 houses.
C) a surplus of 200,000 houses.
D) a surplus of 100,000 houses.
Correct Answer:
Verified
Q70: A binding price floor is:
A)the maximum price
Q71: (Figure: Markets) In the set of figures
Q72: (Figure: Markets) In the set of figures
Q73: (Figure: Market for Printed Houses) Consider the
Q74: (Figure: Market for Printed Houses) Consider the
Q76: (Figure: Market for Sustainable Furniture) Consider the
Q77: (Figure: Market for Sustainable Furniture) Consider the
Q78: (Figure: Market for Sustainable Furniture) The graph
Q79: (Figure: Kenyan Labor Market) The government of
Q80: (Figure: Kenyan Labor Market) The labor market
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