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Question 1

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-Refer to the above graph to answer this question.What will be the result if the producer prices this product at $80? A) The producer will sell 20 units. B) The producer will sell 70 units. C) There will be a surplus of 70 units. D) There will be a shortage of 40 units. E) None of the choices are correct.
-Refer to the above graph to answer this question.What will be the result if the producer prices this product at $80?


A) The producer will sell 20 units.
B) The producer will sell 70 units.
C) There will be a surplus of 70 units.
D) There will be a shortage of 40 units.
E) None of the choices are correct.

Correct Answer:

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