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Exhibit 3-9 Demand and Supply Curves in Exhibit 3-9, If

Question 295

Multiple Choice

Exhibit 3-9 Demand and supply curves Exhibit 3-9 Demand and supply curves In Exhibit 3-9, if the market price is $20, A) this market will be in equilibrium. B) a shortage of 27 units will result. C) the price is above the equilibrium price. D) a surplus of 26 units will result. E) a shortage of 26 units will result. In Exhibit 3-9, if the market price is $20,

A) this market will be in equilibrium.
B) a shortage of 27 units will result.
C) the price is above the equilibrium price.
D) a surplus of 26 units will result.
E) a shortage of 26 units will result.

Correct Answer: