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Refer to the Diagram

Question 103

Multiple Choice

Refer to the diagram. A price of $60 in this market will result in A) equilibrium. B) a shortage of 50 units. C) a surplus of 50 units. D) a surplus of 100 units. Refer to the diagram. A price of $60 in this market will result in


A) equilibrium.
B) a shortage of 50 units.
C) a surplus of 50 units.
D) a surplus of 100 units.

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