(Figure: Market for Sustainable Furniture) The graph depicts the market for furniture made from sustainable, man-made forests. The government wants to encourage buyers to buy such furniture and imposes a price ceiling of $250. What occurs as a result of the price ceiling?
A)a shortage of 400,000 pieces of furniture.
B)a shortage of 200,000 pieces of furniture.
C)a surplus of 300,000 pieces of furniture.
D)a surplus of 400,000 pieces of furniture.

Question

(Figure: Market for Sustainable Furniture) The graph depicts the market for furniture made from sustainable, man-made forests. The government wants to encourage buyers to buy such furniture and imposes a price ceiling of $250. What occurs as a result of the price ceiling? 
A)a shortage of 400,000 pieces of furniture. 
B)a shortage of 200,000 pieces of furniture. 
C)a surplus of 300,000 pieces of furniture. 
D)a surplus of 400,000 pieces of furniture.

Quizplus · Accepted Answer

The Answer of (Figure: Market for Sustainable Furniture) The graph depicts the market for furniture made from sustainable, man-made forests. The government wants to encourage buyers to buy such furniture and imposes a price ceiling of $250. What occurs as a result of the price ceiling? 
A)a shortage of 400,000 pieces of furniture. 
B)a shortage of 200,000 pieces of furniture. 
C)a surplus of 300,000 pieces of furniture. 
D)a surplus of 400,000 pieces of furniture.

(Figure: Market for Sustainable Furniture) the Graph Depicts the Market