Use the following to answer question: 
-(Figure: Supply and Demand) Use Figure: Supply and Demand.A price ceiling of P3 causes:
Definitions:
Break-even Analysis
A calculation that determines when a business or project will be able to cover all its expenses and begin to make a profit.
Fixed Costs
Expenses that do not change with the level of production or sales activities within a certain scale, such as rent, salaries, and insurance.
Variable Costs
are expenses that change in proportion to the activity of a business, such as sales volumes, including costs of goods sold and direct labor costs.
Selling Price
The actual price at which a product or service is sold to customers.
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