Table 4-1 -Refer to the Table 4-1.If the Price Were $12,what Would

question 48

Multiple Choice

Table 4-1

-Refer to the Table 4-1.If the price were $12,what would happen

• A)A surplus of 50 units would exist and the price would tend to fall.
• B)A surplus of 10 units would exist and the price would tend to fall.
• C)A surplus of 25 units would exist and the price would tend to fall.
• D)A shortage of 25 units would exist and the price would tend to rise.

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