[Solved] ​Figure 6-32

Question 215
Multiple Choice

​Figure 6-32 img -Refer to Figure 6-32.Which of following statements is true based upon the conditions in the market?

A)​a shortage will develop when a price ceiling is imposed at a price of $10.
B)​a surplus will develop when a price floor is imposed at a price of $8.
C)​a surplus will develop when a price floor is imposed at a price of $12.
D)​a shortage will develop when a price ceiling is imposed at a price of $14.

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