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Exhibit 4-7 -Refer to the Exhibit.Suppose the Price Increases from P to Increases

Question 130

Multiple Choice

Exhibit 4-7
Exhibit 4-7 -Refer to the exhibit.Suppose the price increases from P to P'.What will the result be?   A)  a shortage  B)  an equilibrium  C)  a clearing of the market  D)  a surplus
-Refer to the exhibit.Suppose the price increases from P to P'.What will the result be?  


A)  a shortage 
B)  an equilibrium 
C)  a clearing of the market 
D)  a surplus

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