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Table 4-7 -Refer to Table 4-7.If the Price Were $8,a

Question 340

Multiple Choice

Table 4-7
Table 4-7 -Refer to Table 4-7.If the price were $8,a A) shortage of 20 units would exist, and price would tend to rise. B) surplus of 25 units would exist, and price would tend to fall. C) shortage of 25 units would exist, and price would tend to rise. D) surplus of 45 units would exist, and price would tend to fall.
-Refer to Table 4-7.If the price were $8,a

A) shortage of 20 units would exist, and price would tend to rise.
B) surplus of 25 units would exist, and price would tend to fall.
C) shortage of 25 units would exist, and price would tend to rise.
D) surplus of 45 units would exist, and price would tend to fall.

Correct Answer: