Figure 4-4 
-Refer to the Figure 4-4. If the price is $25, what would happen?
A) There would be a surplus of 300 and the price would fall.
B) There would be a surplus of 200 and the price would fall.
C) There would be a shortage of 200 and the price would rise.
D) There would be a shortage of 300 and the price would rise.
Correct Answer:
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Q158: Figure 4-3 Q159: Figure 4-1 Q160: Figure 4-3 Q161: What does supply-and-demand analysis involve? Q162: What will result from an increase in Q164: Figure 4-5 Q165: Figure 4-4 Q166: Suppose cupcakes are currently selling for $8 Q167: Why do markets move toward equilibrium of Q168: Figure 4-4 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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