Figure 4-4
-Refer to Figure 4-4. At a price of $20, which would NOT be true?

Name: Figure 4-4 -Refer to Figure 4-4. At a price of $20, which would NOT be true?
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Question

Figure 4-4 
-Refer to Figure 4-4. At a price of $20, which would NOT be true?

Quizplus · Accepted Answer

At a price of $20, the equilibrium quantity is 500 units, not 600. Therefore, choice B is not true. The other choices are true: the market would be in equilibrium, there would be no pressure for price to change, and 600 units would not be bought and sold as the actual quantity demanded (at $20) is 500 units.

Figure 4-4 -Refer to Figure 4-4. at a Price of $20, Which