If a price ceiling is set below the equilibrium price in a market:

What is measured on the horizontal axis when we draw a graph of the long-run aggregate supply curve?

A) production of consumer goods B) real GDP C) production of capital goods D) the price level

If the hot dog vendors at Yankee Stadium are earning a producer surplus on each hot dog they sell, then baseball fans cannot be gaining any consumer surplus on the hot dogs they buy

Indicate whether the statement is true or false