Use the Following to Answer Question 24

question 112

Multiple Choice

Use the following to answer question 24:
-(Table: The Market for Banana Muffins) Look at the table The Market for Banana Muffins.In response to popular anger over the high price of banana muffins and the extreme wealth of banana muffin producers,the government imposes a price ceiling of $1.20 per banana muffin.From this table,the price ceiling causes a _____ banana muffins.

• A) shortage of 3 000
• B) shortage of 5 000
• C) surplus of 8 000
• D) surplus of 3 000

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