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Reference: Ref 4-4 (Table: Equilibrium Adjustment) Refer to the Table

Question 39

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Reference: Ref 4-4 (Table: Equilibrium Adjustment) Refer to the table. If the price in the free market is $2, then a: A) surplus of 50 units would exist and price would fall. B) surplus of 50 units would exist and price would rise. C) shortage of 50 units would exist and price would rise. D) shortage of 50 units would exist and price would fall. Reference: Ref 4-4 (Table: Equilibrium Adjustment) Refer to the table. If the price in the free market is $2, then a:


A) surplus of 50 units would exist and price would fall.
B) surplus of 50 units would exist and price would rise.
C) shortage of 50 units would exist and price would rise.
D) shortage of 50 units would exist and price would fall.

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