Multiple Choice
Table 4-2
-Refer to Table 4-2.In the table shown, suppose the current price was $25.This would mean:
A) a surplus of 1 unit would exist and price would tend to fall
B) a shortage of 24 units would exist and price would tend to fall
C) a surplus of 24 units would exist and price would tend to fall
D) a shortage of 1 unit would exist and price would tend to rise
Correct Answer:
Verified
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