Essay
(Table: Market for Fried Twinkies) Look at the table The Market for Fried Twinkies.In response to popular anger over the high price of fried Twinkies and the extreme wealth of fried Twinkie producers, the government imposes a price ceiling of $1.20 per fried Twinkie.From this table, the price ceiling causes:
A.a shortage of 3,000 fried Twinkies.
B.a shortage of 5,000 fried Twinkies.
C.a surplus of 8,000 fried Twinkies.
D.a surplus of 3,000 fried Twinkies.
Correct Answer:

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