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Use the Figure Below to Answer the Following Question(s)

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Use the figure below to answer the following question(s) .
Figure 4-4
Use the figure below to answer the following question(s) . Figure 4-4   Given the demand and supply conditions shown in Figure 4-4, what will happen as the result of imposing a price ceiling of a ? A)  Demand for the product will decline. B)  Supply will increase. C)  There will be a shortage of the product. D)  Over time, the quality of the product offered by suppliers will increase.
Given the demand and supply conditions shown in Figure 4-4, what will happen as the result of imposing a price ceiling of a ?


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