If the Prevailing Price of Shirts Is $10 and at This

question 26

Multiple Choice

If the prevailing price of shirts is $10 and at this price demanders demand 100 shirts while suppliers are willing to supply 110 shirts,there is a(n)

• A)shortage at the $10 price.
• B)surplus at the $10 price.
• C)equilibrium in this market.
• D)shortage if price were to rise above $10.

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