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Figure 4-2 -Refer to Figure 4-2. What Happens at a Price of a Price

Question 36

Multiple Choice

Figure 4-2 Figure 4-2 -Refer to Figure 4-2. What happens at a price of $35? A) A shortage would exist and the price would tend to fall. B) A shortage would exist and the price would tend to rise. C) A surplus would exist and the price would tend to rise. D) A surplus would exist and the price would tend to fall.
-Refer to Figure 4-2. What happens at a price of $35?

A) A shortage would exist and the price would tend to fall.
B) A shortage would exist and the price would tend to rise.
C) A surplus would exist and the price would tend to rise.
D) A surplus would exist and the price would tend to fall.

Correct Answer: