-Refer to the Graph Above to Answer This Question

question 6

Multiple Choice

-Refer to the graph above to answer this question.Suppose that the government imposes a price ceiling of $80 and subsequently demand decreases by 100.What would be the result?

• A)Price would fall to $60.
• B)There would be a surplus of 100 units.
• C)There would be a shortage of 100 units.
• D)There would be neither a surplus nor a shortage.
• E)250 units would be sold.

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Definitions:

Custom Kit

A personalized or tailor-made set of tools, equipment, or materials designed for a specific purpose or user.

Rider Kit

Equipment and accessories specifically designed and packaged for use by motorcycle riders.

Digital Marketspace

An online environment where goods and services are exchanged, often through virtual transactions or digital platforms.