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Figure 4-15 -Refer to Figure 4-15.At a Price of $20,there Would Be

Question 375

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Figure 4-15
Figure 4-15 -Refer to Figure 4-15.At a price of $20,there would be a(n) A) shortage. The law of supply and demand predicts that the price will fall from $20 to a lower price. B) surplus. The law of supply and demand predicts that the price will rise from $20 to a higher price. C) excess demand. The law of supply and demand predicts that the price will rise from $20 to a higher price. D) excess supply. The law of supply and demand predicts that the price will fall from $20 to a lower price.
-Refer to Figure 4-15.At a price of $20,there would be a(n)


A) shortage. The law of supply and demand predicts that the price will fall from $20 to a lower price.
B) surplus. The law of supply and demand predicts that the price will rise from $20 to a higher price.
C) excess demand. The law of supply and demand predicts that the price will rise from $20 to a higher price.
D) excess supply. The law of supply and demand predicts that the price will fall from $20 to a lower price.

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