​Figure 6-32 -Refer to Figure 6-32.Which of Following Statements Is True Based

Multiple Choice

​Figure 6-32
-Refer to Figure 6-32.Which of following statements is true based upon the conditions in the market?

A) ​a shortage will develop when a price ceiling is imposed at a price of $10.
B) ​a surplus will develop when a price floor is imposed at a price of $8.
C) ​a surplus will develop when a price floor is imposed at a price of $12.
D) ​a shortage will develop when a price ceiling is imposed at a price of $14.