Multiple Choice

-Using the data in the table above,at the price of $80 a phone,
A) a shortage of 55,000 cellular phones occurs.
B) a shortage of 25,000 cellular phones occurs.
C) a surplus of 80,000 cellular phones occurs.
D) the market is in equilibrium.
E) a surplus of 25,000 cellular phones occurs.
Correct Answer:
Verified
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