Exhibit 3-2 -In the Market Represented in Exhibit 3-2, If Price Is

question 64

Multiple Choice

Exhibit 3-2
-In the market represented in Exhibit 3-2, if price is $.50,

• A)producers are not able to sell all they are willing to sell.
• B)a surplus of 30 units results.
• C)producers are willing to produce more than is being purchased.
• D)consumers are willing to buy more than is being produced.
• E)consumers are willing to buy the same amount as that being produced.

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