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Use the following to answer question 34. Table: Market for Fried Twinkies Market for Fried Twinkies Quantity Demanded (units 9,000 8,000 7,000 6,000 5,000 Quantity
Use the following to answer question 34. Table: Market for Fried Twinkies Market for Fried Twinkies Quantity Demanded (units 9,000 8,000 7,000 6,000 5,000 Quantity Supplied (units) 3,000 5,000 7,000 9,000 1,100 Price (unit) $1.10 1.20 1.30 1.40 1.50 34. (Table: Market for Fried Twinkies) Look at the table The Market for Fried Twinkies. In response to popular anger over the high price of fried Twinkies and the extreme wealth of fried Twinkie producers, the government imposes a price ceiling of S1.20 per fried Twinkie. From this table, the price ceiling causes A) a surplus of 8,000 fried Twinkies. B) a shortage of 3,000 fried Twinkies. C) a surplus of 3,000 fried Twinkies D) a shortage of 5,000 fried Twinkies. Use the following to answer question 34. Table: Market for Fried Twinkies Market for Fried Twinkies Quantity Demanded (units 9,000 8,000 7,000 6,000 5,000 Quantity Supplied (units) 3,000 5,000 7,000 9,000 1,100 Price (unit) $1.10 1.20 1.30 1.40 1.50 34. (Table: Market for Fried Twinkies) Look at the table The Market for Fried Twinkies. In response to popular anger over the high price of fried Twinkies and the extreme wealth of fried Twinkie producers, the government imposes a price ceiling of S1.20 per fried Twinkie. From this table, the price ceiling causes A) a surplus of 8,000 fried Twinkies. B) a shortage of 3,000 fried Twinkies. C) a surplus of 3,000 fried Twinkies D) a shortage of 5,000 fried Twinkies
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