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Table 4-2 -Refer to Table 4-2. If the Price Were $8, What

Question 38

Multiple Choice

Table 4-2
Table 4-2 -Refer to Table 4-2. If the price were $8, what would happen? A) A surplus of 50 units would exist and the price would tend to fall. B) A surplus of 10 units would exist and the price would tend to fall. C) A surplus of 25 units would exist and the price would tend to fall. D) A shortage of 25 units would exist and the price would tend to rise.
-Refer to Table 4-2. If the price were $8, what would happen?

A) A surplus of 50 units would exist and the price would tend to fall.
B) A surplus of 10 units would exist and the price would tend to fall.
C) A surplus of 25 units would exist and the price would tend to fall.
D) A shortage of 25 units would exist and the price would tend to rise.

Correct Answer: