Aprice ceiling that is set below the equilibrium price:
a. creates a surplus.
b. is nonminusbinding.
c. creates a shortage.
d. causes suppliers to lose money.

Answer is option C, i.e. creates a shortage.

Explanation:

The price ceiling can be understood as the maximum price above which the commodity cannot be sold. Thus, when the price ceiling is set below the equilibrium price, it will create a shortage as many suppliers would not be willing to supply at the price below the equilibrium price. Therefore, the correct option is option C.

answerreactive approach;

answer trochanter; i believe this is correct, plz check first, good luck;