Garbanzo Beans -Consider the Above Table. Assuming the Government Imposes a Price

Multiple Choice

Garbanzo Beans

-Consider the above table. Assuming the government imposes a price ceiling on garbanzo beans of $4, what would be the likely result?

A) a surplus of 2,000 garbanzo beans
B) a shortage of 2,000 garbanzo beans
C) No change, equilibrium would prevail.
D) The quantity demanded of garbanzo beans would fall to zero.