Figure 4-3 -Refer to the Figure 4-3. If the Price in This

question 126

Multiple Choice

Figure 4-3
-Refer to the Figure 4-3. If the price in this market is currently $14, what would happen?

• A) There would be a shortage of 20 units so producers would increase production.
• B) There would be a surplus of 20 units and the price would tend to fall.
• C) There would be a shortage of 40 units so producers would increase production.
• D) There would be a surplus of 40 units and the price would tend to fall.

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