Question

What will be thesimmediate effect if the government sets the price for earbuds at Point B?

There will be a shortage of earbuds.
O There will be a surplus of earbuds.
O The price of earbuds will rise to meet equilibrium.
O The price of earbuds will fall to meet equilibrium.

Answer 1

I think that the answer is B. There will be a surplus of earbuds.