
The above figure shows the market for game day t-shirts. If the price of t-shirts is $10, then
A) there is a shortage and the price of t-shirts will rise.
B) there is a shortage and the price of t-shirts will fall.
C) there is a surplus and the price of t-shirts will fall.
D) the market is in equilibrium.
E) there is a surplus and the price of t-shirts will rise.
Correct Answer:
Verified
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