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In a Competitive Market Illustrated by the Diagram Above, a Price

Question 128

Multiple Choice

In a competitive market illustrated by the diagram above, a price floor of $25 per unit will result in: A) A shortage of 200 units B) A surplus of 200 units C) A surplus of 250 units D) A shortage of 250 units In a competitive market illustrated by the diagram above, a price floor of $25 per unit will result in:


A) A shortage of 200 units
B) A surplus of 200 units
C) A surplus of 250 units
D) A shortage of 250 units

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