QUESTION 22 Suppose that the demand for a product can be represented by the function QD = 200 - 0.2P, and the supply can be represented by the function Qs= 0.1P - 40, where QD is quantity demanded, Qs is quantity supplied and P is the price of the product. Which of the following will happen if the government sets a price ceiling of $600? O The price ceiling will be irrelevant since it is not binding. O There will be a shortage of 60 units of the product per period. O There will be a shortage of 80 units of the product per period. O There will be a surplus of 60 units of the product per period. Click Save and Submit to save and submit. Click Save All Answers to save all answers