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Use the Following Demand and Supply Functions: Demand: Supply

Question 3

Multiple Choice

Use the following demand and supply functions: Demand: Use the following demand and supply functions: Demand: Supply: If the price is $2,there is a A) surplus of 10 units. B) shortage of 10 units. C) surplus of 30 units. D) shortage of 18 units. E) none of the above Supply: Use the following demand and supply functions: Demand: Supply: If the price is $2,there is a A) surplus of 10 units. B) shortage of 10 units. C) surplus of 30 units. D) shortage of 18 units. E) none of the above If the price is $2,there is a


A) surplus of 10 units.
B) shortage of 10 units.
C) surplus of 30 units.
D) shortage of 18 units.
E) none of the above

Correct Answer:

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