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Refer to the Diagram

Question 111

Multiple Choice

Refer to the diagram. A price of $20 in this market will result in a A) shortage of 50 units. B) surplus of 50 units. C) surplus of 100 units. D) shortage of 100 units. Refer to the diagram. A price of $20 in this market will result in a


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

Correct Answer:

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