A government-imposed price ceiling set below the market's equilibrium price for a good will produce an excess supply of the good

Refer to the above figure. A shortage will exist when

A) the price is between $0 and $6. B) the price equals $6. C) the price equals $10. D) quantity demanded equals 3.

Other things the same, an increase in the price level induces less spending on a. investment and net exports

b. investment, but not net exports. c. net exports, but not investment. d. neither net exports nor investment.