Figure: Price Ceiling (Figure: Price Ceiling) Refer to the Figure

question 19

Multiple Choice

Figure: Price Ceiling (Figure: Price Ceiling) Refer to the figure. If a price ceilingwere set at $12, there would be a:

• A)shortage of 50 units.
• B)surplus of 40 units.
• C)shortage of 0 units.
• D)surplus of 20 units.

---

Definitions:

Fee-Based Services

Services for which a direct charge is imposed on the recipient, typically for professional or specialized offerings.

Justia

A legal technology company focusing on providing free access to case law, codes, regulations, and legal information and community resources.

House of Representatives

A legislative body in various countries, often part of a bicameral parliament, responsible for making laws and representing the population.

Current Debates

Present discussions or controversies surrounding specific topics, reflecting differing opinions and arguments.