-Refer to the Information Above to Answer This Question

question 47

Multiple Choice

-Refer to the information above to answer this question.All of the following statements except one are correct.Which is the exception?

• A)The equilibrium price and quantity are $9 and 60.
• B)At a price of $7,there is a surplus of 40.
• C)At a price of $10,there is a surplus of 20.
• D)At a price of $8,there is a shortage of 20.

---

Definitions:

ASME

The American Society of Mechanical Engineers, an organization that sets standards and codes for engineering practices, including dimensions, tolerances, and technical specifications.

American Society

A generalized term that might refer to various official societies or associations based in the United States.

Partial View

A drawing technique used to show a specific portion of an object, emphasizing details that might be obscured in a full view.

Half View

A drawing technique where only half of the object is illustrated to reveal interior and exterior features simultaneously.