-Refer to the Above Graph to Answer This Question

question 104

Multiple Choice

-Refer to the above graph to answer this question.What is true about the possible surpluses and shortages in this market if the price is $1,000 above equilibrium?

• A)There will be a shortage of 20.
• B)There will be a shortage of 40.
• C)There will be a surplus of 20.
• D)There will be a surplus of 40.
• E)Cannot be determined.

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Definitions:

Evolution Circumstances

Factors or conditions that influence the adaptive changes and development of organisms, systems, or processes over time.

Network Design

The planning and structuring of a network, including the selection of hardware and software to meet the requirements and objectives of an organization.

Disadvantages

These are the unfavorable, negative, or detrimental aspects or conditions that reduce the effectiveness or success.

Dependence

A situation in which the condition or fortunes of a person or entity are affected by another.