Multiple Choice
Use the following to answer questions:
Figure: Supply and Demand
-(Figure: Supply and Demand) Look at the figure Supply and Demand. A price ceiling of P3 causes:
A) a shortage equal to the distance AB.
B) a surplus equal to the distance AB.
C) a shortage equal to the distance DE.
D) no change to the market.
Correct Answer:

Verified
Correct Answer:
Verified
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