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Table 4-2 -Refer to Table 4-2.If the Price Were $8,a

Question 181

Multiple Choice

Table 4-2
Table 4-2 -Refer to Table 4-2.If the price were $8,a A) surplus of 50 units would exist and price would tend to fall. B) surplus of 10 units would exist and price would tend to fall. C) surplus of 25 units would exist and price would tend to fall. D) shortage of 25 units would exist and price would tend to rise.
-Refer to Table 4-2.If the price were $8,a

A) surplus of 50 units would exist and price would tend to fall.
B) surplus of 10 units would exist and price would tend to fall.
C) surplus of 25 units would exist and price would tend to fall.
D) shortage of 25 units would exist and price would tend to rise.

Correct Answer: