Table 4-A
Use the Following Information About Demand and Supply

question 132

Multiple Choice

Table 4-A
Use the following information about demand and supply schedules to answer the question.
$\begin{array}{lccc}\text { Price } & \mathbf{D}_{\mathbf{1}} & \mathbf{D}_{\mathbf{2}} & \mathbf{S}_{\mathbf{1}}&\mathbf{S}_{\mathbf{2}} \\\$ 12 & 5 & 9 & 19&14 \\\$ 10 & 8 & 12 & 17&12 \\\$ 8 & 11 & 15 & 15&10 \\\$ 6 & 13 & 18 & 13&8 \\\$ 4 & 16 & 21 & 11&6 \\\$ 2 & 18 & 24 & 9&4\end{array}$

-Refer to Table 4-A.Suppose that D₁ and S₂ are the demand and supply schedules for Product A.If the government imposes a price ceiling of $10:

• A)a shortage of 4 units will result.
• B)a surplus of 4 units will result.
• C)a surplus of 10 units will result.
• D)a shortage of 10 units will result.
• E)the ceiling will have no impact on the quantity of Product A traded.

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Definitions:

Internal Locus of Control

The belief that individuals can control their own fate and the outcomes of their actions.

External Locus of Control

A belief system where individuals perceive their successes or failures to be a result of external factors or forces beyond their control.

Stress

A reaction of the body and mind to demanding or threatening situations, invoking a physiological and psychological response.

Internal Locus of Control

The belief that one has control over their life and outcomes, attributing success and failure to one's own efforts and abilities.