-Refer to the above figure. At a price of four cents, a(n) ________ of bubble gum will exist in the market.
A) surplus
B) shortage
C) excess quantity demanded
D) equilibrium quantity

Name: -Refer to the above figure. At a price of four cents, a(n) ________ of bubble gum will exist in the market. A) surplus B) shortage C) excess quantity demanded D) equilibrium quantity
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Question

-Refer to the above figure. At a price of four cents, a(n) ________ of bubble gum will exist in the market.
A) surplus 
B) shortage 
C) excess quantity demanded 
D) equilibrium quantity

Quizplus · Accepted Answer

At a price of four cents, the quantity supplied is greater than the quantity demanded, resulting in a surplus.

-Refer to the Above Figure