Please refer to the following diagram 
If the supply curve is S, at a price of $2 there will be a
A) surplus of 1.
B) surplus of 2.
C) shortage of 1.
D) shortage of 2.
Correct Answer:
Verified
Q9: My income rose and the price of
Q10: The real price of a product is
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
Q15: If the government decides to set the
Q16: If the State of California decides to
Q17: Please refer to the following diagram.
Q18: A war in the Middle East causes
Q19: Please refer to the following diagram.
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