A graph plotting price versus quantity.The horizontal axis is labeled quantity. The vertical axis is labeled price. The vertical axis ranges from 0 to 2.50 dollars in increments of 0.5 dollars. A line break is shown on the vertical axis between 0 and 1.50. The horizontal axis ranges from 0 to 20 and a line break is shown on the horizontal axis between 0 and 10. A rising line labeled S and a falling line labeled D are plotted. The point of intersection of both lines corresponds to quantity 14 and price 2.00. Points on the S and D lines for a price of 1.50 correspond to quantities 10 and 20 respectively. Points on the D and S lines for a price of 2.50 correspond to quantities 10 and 20 respectively. In a market with supply and demand curves as shown above, a price ceiling of $2.50 will result in Multiple Choice no shortage or surplus. a surplus of 10 units. a black market price greater than $2.50. a shortage of 10 units