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-Referring to Figure 3

Question 33

Multiple Choice

-Referring to figure 3.3, what is the state of the market if price is currently $5? A) There is a surplus of 20. B) There is a shortage of 20. C) The quantity supplied is 80. D) The quantity demanded is 60.
-Referring to figure 3.3, what is the state of the market if price is currently $5?


A) There is a surplus of 20.
B) There is a shortage of 20.
C) The quantity supplied is 80.
D) The quantity demanded is 60.

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