Figure 4-3 -Refer to the Figure 4-3. If the Price in This

Multiple Choice

Figure 4-3
-Refer to the Figure 4-3. If the price in this market is currently $14, what would happen?

A) There would be a shortage of 20 units so producers would increase production.
B) There would be a surplus of 20 units and the price would tend to fall.
C) There would be a shortage of 40 units so producers would increase production.
D) There would be a surplus of 40 units and the price would tend to fall.