Please refer to the following diagram. 
If the supply curve is S, at a price of $4 there will be a
A) surplus of 1.
B) surplus of 2.
C) shortage of 1.
D) shortage of 2.
Correct Answer:
Verified
Q3: Which of the following statements would most
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Q11: Which is not true of market equilibrium?
A)All
Q12: The law of demand states that
A)scarcity can
Q13: If income rises
A)the demand curve will shift
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