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Figure 4-3 -Refer to Figure 4-3. If the Price in This Market

Question 24

Multiple Choice

Figure 4-3 Figure 4-3 -Refer to Figure 4-3. If the price in this market is currently $14, what would happen? A) There would be a shortage of 20 units and the price would tend to rise. B) There would be a surplus of 20 units and the price would tend to fall. C) There would be a shortage of 40 units and the price would tend to rise. D) There would be a surplus of 40 units and the price would tend to fall.
-Refer to Figure 4-3. If the price in this market is currently $14, what would happen?


A) There would be a shortage of 20 units and the price would tend to rise.
B) There would be a surplus of 20 units and the price would tend to fall.
C) There would be a shortage of 40 units and the price would tend to rise.
D) There would be a surplus of 40 units and the price would tend to fall.

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