(Figure: Determining Surplus and Loss) In the graph, if the government sets a maximum price of $12, there is a shortage of 40 units. 
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Q13: Net exports equal<br>A) imports minus exports.<br>B) imports
Q23: Compared to market equilibrium, when there is
Q80: (Figure: Determining Surplus and Loss) In the
Q105: (Figure: Supply and Demand for Shoes) If
Q158: Which statement defines absolute advantage?<br>A) Goods and
Q222: If both the supply of and the
Q244: The simple circular flow diagram shows that
Q257: The concepts of absolute and comparative advantage
Q298: Which factor would cause a decrease in
Q339: A legal maximum price that can be