A typhoon destroys a major semiconductor factory. Anticipating high prices, policymakers impose a ceiling at pre-typhoon prices for all consumer electronics. What is a likely outcome of the policy? Question 24Answer a. Prices are unable to fall. b. The price of electronics is stuck above equilibrium, resulting in a surplus. c. The price ceiling is ineffective because it is below the equilibrium; the market clears. d. The consumer electronics market is stuck in a shortage because the price is unable to rise to the new equilibrium