If price were $8, there would be a (shortage or surplus) ________ of ________ units of quantity. 11eb6395_2e21_dc25_a896_5dda97f1cb1e_SM2324_00 Figure 3

Economics 11th Edition by Stephen Slavin

Edition 11ISBN: 978-0078021800

Edition 11ISBN: 978-0078021800

Exercise 15

If price were $8, there would be a (shortage or surplus) ________ of ________ units of quantity.

Figure 3

Explanation

Verified

Surplus occurs when the quantity supplie...

Economics 11th Edition by Stephen Slavin