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Table 4-2 -Refer to Table 4-2. in the Table Shown, Suppose the Table

Question 155

Multiple Choice

Table 4-2
Table 4-2 -Refer to Table 4-2. In the table shown, suppose the current price was $40. This would mean: A) a surplus of 14 units would exist and price would tend to fall B) a shortage of 14 units would exist and price would tend to fall C) a surplus of 14 units would exist and price would tend to rise D) a shortage of 14 units would exist and price would tend to rise
-Refer to Table 4-2. In the table shown, suppose the current price was $40. This would mean:

A) a surplus of 14 units would exist and price would tend to fall
B) a shortage of 14 units would exist and price would tend to fall
C) a surplus of 14 units would exist and price would tend to rise
D) a shortage of 14 units would exist and price would tend to rise

Correct Answer: