-Refer to Figure 2.15 to answer this question.What will be the effect if the price is now $1,200?
A)There would be a surplus of 30.
B)There would be a shortage of 30.
C)160 would be purchased.
D)There would be a surplus of 60.
E)The price will increase.

Question

-Refer to Figure 2.15 to answer this question.What will be the effect if the price is now $1,200?
A)There would be a surplus of 30. 
B)There would be a shortage of 30. 
C)160 would be purchased. 
D)There would be a surplus of 60. 
E)The price will increase.

Quizplus · Accepted Answer

The Answer of 
-Refer to Figure 2.15 to answer this question.What will be the effect if the price is now $1,200?
A)There would be a surplus of 30. 
B)There would be a shortage of 30. 
C)160 would be purchased. 
D)There would be a surplus of 60. 
E)The price will increase.