Price Quantity Demanded Quantity Supplied $35 450 100 40 400 105 45 350 150 50 300 200 55 250 250 60 200 300 Refer to Figure 3-8. If a price floor of $60 is imposed, which of the following will be true? ( a) There will be a surplus of 100 units. O b) There will be a shortage of 100 units. O c) The quantity sold will be 300 units. O d) The price floor will have no effect