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The Supply and Demand Schedules for the Umbrella Market Are

Question 94

Multiple Choice

The supply and demand schedules for the umbrella market are given below:
The supply and demand schedules for the umbrella market are given below:    TABLE 3-2 -Refer to Table 3-2.At a price of ________ there would be an excess ________of 150 umbrellas. A) $10; demand B) $15; demand C) $20; supply D) $25; demand E) $30; supply TABLE 3-2
-Refer to Table 3-2.At a price of ________ there would be an excess ________of 150 umbrellas.


A) $10; demand
B) $15; demand
C) $20; supply
D) $25; demand
E) $30; supply

Correct Answer:

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