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14. O Figure 6-2 15. O 16. O Supply 17. 18. O 19. O PRICE 20. O Price Ceiling Demand 30 60 90 120 150

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14. O Figure 6-2 15. O 16. O Supply 17. 18. O 19. O PRICE 20. O Price Ceiling Demand 30 60 90 120 150 180 210 240 QUANTITY Refer to Figure 6-2. The price ceiling O a. causes a shortage of 30 units of the good. O b. makes it necessary for sellers to ration the good using a mechanism other than price. O c. is not binding because it is set below the equilibrium price. O d. causes a shortage of 60 units of the good

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