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

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

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

Quizplus · Accepted Answer

At a price of three cents, the quantity supplied is equal to the quantity demanded, which is the equilibrium quantity.

-Refer to the Above Figure