![](https://cos-cdn.shuashuati.com/pipixue-web/2020-1231-2005-12/ti_inject-812ce.png)
Suppose that, at the market clearing price of natural gas, the price elasticity of demand is -1.2 and the price elasticity of supply is 0.6. What will result from a price ceiling that is 10 percent below the market clearing price?
A.
A shortage equal to 1.8 percent of the market clearing quantity
B.
A shortage equal to 0.6 percent of the market clearing quantity
C.
A shortage equal to 18 percent of the market clearing quantity
D.
A shortage equal to 6 percent of the market clearing quantity
E.
More information is needed