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The Above Figure Shows the Market for T-Shirts

Question 45

Multiple Choice

The above figure shows the market for t-shirts. If the price of t-shirts is $12, then A) there is a shortage and the price of t-shirts will fall. B) there is a surplus and the price of t-shirts will rise. C) there is a surplus and the price of t-shirts will fall. D) there is a shortage and the price of t-shirts will rise. E) the market is in equilibrium. The above figure shows the market for t-shirts. If the price of t-shirts is $12, then


A) there is a shortage and the price of t-shirts will fall.
B) there is a surplus and the price of t-shirts will rise.
C) there is a surplus and the price of t-shirts will fall.
D) there is a shortage and the price of t-shirts will rise.
E) the market is in equilibrium.

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