Question: Price Quantity Quantity Demanded Supplied $20 2400 0 $30 2000 200 $40 1600 400 $50 1200 600 $60 800 800 $70 400 1000 $80 0

Price Quantity Quantity Demanded Supplied $20 2400 0 $30 2000 200

Price Quantity Quantity Demanded Supplied $20 2400 0 $30 2000 200 $40 1600 400 $50 1200 600 $60 800 800 $70 400 1000 $80 0 1200 Suppose the government imposes a price ceiling of $40 on this market. What will be the size of the shortage in this market? O 1.200 units 0 400 units 0 0 units 0 2.000 units

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