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Exhibit 4-11

Question 217

Multiple Choice

Exhibit 4-11 Exhibit 4-11 -Refer to Exhibit 4-11. If the price increases from P to P', the result will be a(n) A) shortage B) equilibrium C) clearing of the market D) surplus E) excess quantity demanded
-Refer to Exhibit 4-11. If the price increases from P to P', the result will be a(n)


A) shortage
B) equilibrium
C) clearing of the market
D) surplus
E) excess quantity demanded

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