Refer to the Following Graph

question 98

Multiple Choice

Refer to the following graph. Which price will create the greatest shortage?

• A) P0
• B) P1
• C) P2
• D) P3

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Definitions:

Law Clerk

A Law Clerk is a legal professional, often a recent law school graduate, who assists a judge by conducting research and preparing legal opinions.

Associate

A person who is linked with another or others in business or professional activities.

Bar Exam

A professional examination that must be passed to legally practice law in a given jurisdiction.

Corporate Stock

Ownership units in a corporation, represented by shares that can be bought, sold, or traded.