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Question 9 (2 points) What would result if a $110 price celling were placed on athletic shoes? Annual Supply and Demand for Athletic Shoes (in

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Question 9 (2 points) What would result if a $110 price celling were placed on athletic shoes? Annual Supply and Demand for Athletic Shoes (in Thousands) Price Quantity Demanded Quantity Supplied $100 23 3 $110 22 $120 20 5 $130 18 10 $140 16 12 $150 14 14 $160 10 18 $170 6 26 $180 30 $190 34 O a a surplus of 18,000 athletic shoes Ob a shortage of 18,000 athletic shoes OC an equilibrium quantity is reached Od a shortage of 18 athletic shoes

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