The Table Given Below Reports the Quantity Demanded and Supplied

question 83

Multiple Choice

The table given below reports the quantity demanded and supplied of a commodity at different prices in a market. Table 3.5
Refer to Table 3.5.If government imposes a price ceiling of $2:

• A)the price will be above equilibrium.
• B)the price will fall to $1 because producers will be forced to incur losses.
• C)demand will increase.
• D)a surplus will result equal to 20 units.
• E)a shortage will result equal to 20 units.

---

Definitions:

Chemosynthesis

The biological conversion of one or more carbon-containing molecules and nutrients into organic matter using the oxidation of inorganic compounds as a source of energy, without the need for sunlight.

Solar Energy

Energy derived from the sun in the form of solar radiation, used to generate heat or electricity.

Chemical Energy

is the energy stored in the bonds of chemical compounds, such as molecules, which is released in a chemical reaction.

Nuclear Fusion

A process where two light atomic nuclei combine to form a heavier nucleus, releasing a large amount of energy, potentially providing a sustainable source of power.