Multiple Choice
Use the figure below to answer the following questions.
Figure 3.4.2
-Refer to Figure 3.4.2. When the price is $10 a unit,
A) consumers will buy only 100 units of output.
B) consumers will buy 500 units of output.
C) consumers will buy nothing.
D) a shortage occurs.
E) the surplus is zero.
Correct Answer:
Verified
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