(Figure: Determining Surplus and Loss) in the Graph, If the Government

question 193

Multiple Choice

(Figure: Determining Surplus and Loss) In the graph, if the government sets a price of $12, there is a:

• A) shortage of 20 units.
• B) surplus of 20 units.
• C) shortage of 40 units.
• D) surplus of 40 units.

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