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-Refer to the Above Diagram

Question 152

Multiple Choice

  -Refer to the above diagram.A price of $20 in this market will result in: A)  equilibrium. B)  a shortage of 50 units. C)  a surplus of 50 units. D)  a shortage of 100 units.
-Refer to the above diagram.A price of $20 in this market will result in:


A) equilibrium.
B) a shortage of 50 units.
C) a surplus of 50 units.
D) a shortage of 100 units.

Correct Answer:

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