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Figure 4-10 -Refer to Figure 4-10.If the Price Is $25,then There Would

Question 399

Multiple Choice

Figure 4-10 Figure 4-10 -Refer to Figure 4-10.If the price is $25,then there would be an A) excess supply of 100 and price would fall. B) excess supply of 300 and price would fall. C) excess demand of 100 and price would fall. D) excess demand of 300 and price would fall.
-Refer to Figure 4-10.If the price is $25,then there would be an

A) excess supply of 100 and price would fall.
B) excess supply of 300 and price would fall.
C) excess demand of 100 and price would fall.
D) excess demand of 300 and price would fall.

Correct Answer: