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Question 2

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Use the following to answer questions below: -Refer to the competitive market graph. If market price is equal to $40, A) the market will be in equilibrium. B) there will be a shortage of 6 units. C) there will be a surplus of 6 units. D) None of the above is correct.
-Refer to the competitive market graph. If market price is equal to $40,


A) the market will be in equilibrium.
B) there will be a shortage of 6 units.
C) there will be a surplus of 6 units.
D) None of the above is correct.

Correct Answer:

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