TABLE 4-4 -Refer to Table 4-4. If the Government Intervenes in the Government

Multiple Choice

TABLE 4-4

-Refer to Table 4-4. If the government intervenes in the market for milk and sets a price ceiling of $0.90 per litre, what will be the result?

A) Some sellers will not be able to sell available milk at that price.
B) Some consumers will not be able to buy milk at that price.
C) There will be a shortage of exactly 1200 litres of milk.
D) There will be a surplus of exactly 1000 litres of milk.