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QUESTION 2 Figure: Price Ceiling $12... 11 ............ 270 290 310 Reference: Ref 5-1 (8-1) (Figure: Price Ceiling) Refer to the figure. A price ceiling

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QUESTION 2 Figure: Price Ceiling $12... 11 ............ 270 290 310 Reference: Ref 5-1 (8-1) (Figure: Price Ceiling) Refer to the figure. A price ceiling of $10 results in a: A. shortage of 270 units. B. surplus of 40 units. C. surplus of 270 urlits. D.shortage of 40 units

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