The city government of Mumbai, the capital city of the Indian state of Maharashtra, came under pressure to do something about what residents of the city perceived as price gouging by firms in the market for app-based cabs (Uber, ...). The government responded to the pressure by imposing an effective price ceiling (the ceiling price is below the market price) in the market for app-based cabs. According to the supply and demand model, which of the following is the most likely effect of the price ceiling? Question 9Answer a. No change in the market. b. A surplus in the market. c. A shortage in the market. d. An increase in demand in the market