If the actual market price were fixed at $15 per unit in Figure 3.2, Figure 3.2 Supply and Demand

A) There would be a surplus of 40 units.
B) There would be a surplus of 20 units.
C) There would be a shortage of 40 units.
D) There would be a shortage of 20 units.

Question

If the actual market price were fixed at $15 per unit in Figure 3.2, Figure 3.2 Supply and Demand

A) There would be a surplus of 40 units. 
B) There would be a surplus of 20 units. 
C) There would be a shortage of 40 units. 
D) There would be a shortage of 20 units.

Quizplus · Accepted Answer

The Answer of If the actual market price were fixed at $15 per unit in Figure 3.2, Figure 3.2 Supply and Demand

A) There would be a surplus of 40 units. 
B) There would be a surplus of 20 units. 
C) There would be a shortage of 40 units. 
D) There would be a shortage of 20 units.

If the Actual Market Price Were Fixed at $15 Per