Refer to Exhibit 5-9

Multiple Choice

Refer to Exhibit 5-9. If the government intervenes in the market for milk and sets a price ceiling of $2.00 per gallon, the result is:

A) ​a shortage of exactly 1,200 gallons of milk.
B) ​a surplus of exactly 1,000 gallons of milk.
C) ​that some consumers will not be able to buy milk at that price.
D) ​that some sellers will not be able to sell available milk at that price.