Solved

Table 4-1 -Refer to the Table 4-1.If the Price Were $12,what Would

Question 26

Multiple Choice

Table 4-1
Table 4-1 -Refer to the Table 4-1.If the price were $12,what would happen A) A surplus of 50 units would exist and the price would tend to fall. B) A surplus of 10 units would exist and the price would tend to fall. C) A surplus of 25 units would exist and the price would tend to fall. D) A shortage of 25 units would exist and the price would tend to rise.
-Refer to the Table 4-1.If the price were $12,what would happen

A) A surplus of 50 units would exist and the price would tend to fall.
B) A surplus of 10 units would exist and the price would tend to fall.
C) A surplus of 25 units would exist and the price would tend to fall.
D) A shortage of 25 units would exist and the price would tend to rise.

Correct Answer: