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Table 4-A
Use the Following Information About Demand and Supply

Question 199

Multiple Choice

Table 4-A
Use the following information about demand and supply schedules to answer the question.
 Price D1D2S1S2$12591914$108121712$811151510$61318138$41621116$2182494\begin{array}{lccc}\text { Price } & \mathbf{D}_{\mathbf{1}} & \mathbf{D}_{\mathbf{2}} & \mathbf{S}_{\mathbf{1}}&\mathbf{S}_{\mathbf{2}} \\\$ 12 & 5 & 9 & 19&14 \\\$ 10 & 8 & 12 & 17&12 \\\$ 8 & 11 & 15 & 15&10 \\\$ 6 & 13 & 18 & 13&8 \\\$ 4 & 16 & 21 & 11&6 \\\$ 2 & 18 & 24 & 9&4\end{array}

-Refer to Table 4-A.Suppose that D1 and S2 are the demand and supply schedules for Product A.If the government imposes a price ceiling of $10:


A) a shortage of 4 units will result.
B) a surplus of 4 units will result.
C) a surplus of 10 units will result.
D) a shortage of 10 units will result.
E) the ceiling will have no impact on the quantity of Product A traded.

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