Table 6-2 -Refer to Table 6-2

Essay

Table 6-2
$$\begin{array} { | l | l | l | } \hline \text { Price (\$) } & \begin{array} { l } \text { Quantity } \\\text { Demanded }\end{array} & \begin{array} { l } \text { Quantity } \\\text { Supplied }\end{array} \\\hline 0 & 21 & 0 \\\hline 1 & 18 & 4 \\\hline 2 & 15 & 8 \\\hline 3 & 12 & 12 \\\hline 4 & 9 & 16 \\\hline 5 & 6 & 20 \\\hline 6 & 3 & 24 \\\hline 7 & 0 & 28 \\\hline\end{array}$$
-Refer to Table 6-2. If the government set a price ceiling at $4, would there be a shortage or surplus, and how large would be the shortage/surplus?