Table 4-7 -Refer to Table 4-7.If the Price Were $8,a

question 101

Multiple Choice

Table 4-7

-Refer to Table 4-7.If the price were $8,a

• A) shortage of 20 units would exist, and price would tend to rise.
• B) surplus of 25 units would exist, and price would tend to fall.
• C) shortage of 25 units would exist, and price would tend to rise.
• D) surplus of 45 units would exist, and price would tend to fall.

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