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Question 9

Multiple Choice

-Refer to the above graph to answer this question.What is true about the possible surpluses and shortages in this market if the price is set at $40? A) There will be a shortage of 20 units. B) There will be a shortage of 40 units. C) There will be a surplus of 20 units. D) There will be a surplus of 50 units. E) None of the choices are correct.
-Refer to the above graph to answer this question.What is true about the possible surpluses and shortages in this market if the price is set at $40?


A) There will be a shortage of 20 units.
B) There will be a shortage of 40 units.
C) There will be a surplus of 20 units.
D) There will be a surplus of 50 units.
E) None of the choices are correct.

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