If the government set a price ceiling of $40, there would be: This graph shows a supply line and a demand line. The supply line starts at approximately (6,5), slopes upward to cross the demand line at approximately (20,50), and ends at approximately (31,88). The demand line starts at approximately (7,93), slopes downward to cross the supply line at approximately (20,50), and ends at approximately (34,3). Group of answer choices a shortage (or excess supply) of about 12 units a surplus (or excess demand) of about 8 units a surplus (or excess demand) of about 12 units a shortage (or excess supply) of about 8 units