Use the Following to Answer Questions

question 131

Multiple Choice

Use the following to answer questions:
Figure: Basic Supply and Demand
-(Figure: Basic Supply and Demand) In the diagram, if the market price is $2, then there is a:

• A) surplus of 60 units.
• B) surplus of 20 units.
• C) shortage of 20 units.
• D) market equilibrium.

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Definitions:

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A chemical substance found in beverages such as beer, wine, and spirits, that can cause intoxication and has various health impacts when consumed.

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