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Figure 4-15 -Refer to Figure 4-15.At a Price of $35,there Would Be

Question 341

Multiple Choice

Figure 4-15
Figure 4-15 -Refer to Figure 4-15.At a price of $35,there would be A) a shortage, and the price would tend to rise from $35 to a higher price. B) a surplus, and the price would tend to rise from $35 to a higher price. C) excess demand, and the price would tend to fall from $35 to a lower price. D) excess supply, and the price would tend to fall from $35 to a lower price.
-Refer to Figure 4-15.At a price of $35,there would be

A) a shortage, and the price would tend to rise from $35 to a higher price.
B) a surplus, and the price would tend to rise from $35 to a higher price.
C) excess demand, and the price would tend to fall from $35 to a lower price.
D) excess supply, and the price would tend to fall from $35 to a lower price.

Correct Answer: