use the following information to answer the next eight questions.

Market for a new hardcover book:

Demand: Qd=325-8P

Supply: Qs= -60+3P

If a price ceiling is set at $30, this will be

Select one:

a.

surplus of 85.

b.

surplus of 30.

c.

shortage of 55.

d.

shortage of 65.

e.

nonbinding price ceiling.