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(Figure: Price Adjustment) Refer to the Figure

Question 17

Multiple Choice

(Figure: Price Adjustment) Refer to the figure. If the price of the product is $14, there is a: (Figure: Price Adjustment) Refer to the figure. If the price of the product is $14, there is a: A) shortage of 30 units of the product, and the price will rise to $16. B) surplus of 20 units of the product, and the price will rise to $16. C) shortage of 50 units of the product, and the price will rise to $16. D) surplus of 40 units of the product, and the price will rise to $16.


A) shortage of 30 units of the product, and the price will rise to $16.
B) surplus of 20 units of the product, and the price will rise to $16.
C) shortage of 50 units of the product, and the price will rise to $16.
D) surplus of 40 units of the product, and the price will rise to $16.

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