Is 5 In Figure 3, B) Is $2.50 a price ceiling or a price 4 floor? C) Is there a shortage or a surplus? D) How much is it? 3 Price ($) 2 A. Is $4.75 a price ceiling or a price floor? B. Is there a shortage or a surplus? C. How much is it? 4 8 12 16 20 24 28 32 36 40 44 48 Quantity