Refer to the figure below: 
If the price is $16,the resulting
A) surplus will lead to a fall in price.
B) shortage will lead to a fall in price.
C) surplus will lead to a rise in price.
D) shortage will lead to a rise in price.
Correct Answer:
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Q1: Which of the following will cause a
Q15: the following general linear demand relation:
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Q21: Refer to the figure below: 
Q21: In which of the following cases will
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Q24: Refer to the figure below:
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