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Question 21

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Use the following to answer question: Use the following to answer question:   -(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 _____ fried Twinkies. A)  shortage of 3,000 B)  shortage of 5,000 C)  surplus of 8,000 D)  surplus of 3,000
-(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 _____ fried Twinkies.


A) shortage of 3,000
B) shortage of 5,000
C) surplus of 8,000
D) surplus of 3,000

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