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Answer the Question Based on the Following Supply and Demand

Question 286

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Answer the question based on the following supply and demand schedules in units per week for a product. Answer the question based on the following supply and demand schedules in units per week for a product.   Refer to the above table. If demand increased by 100 units at each price level and the government set a price ceiling of $40, then there would be A)  a shortage. B)  a surplus. C)  no shortage or surplus. D)  a decrease in supply. Refer to the above table. If demand increased by 100 units at each price level and the government set a price ceiling of $40, then there would be


A) a shortage.
B) a surplus.
C) no shortage or surplus.
D) a decrease in supply.

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