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-Refer to the Table 4-1

Question 60

Multiple Choice

-Refer to the Table 4-1. If the price were $120, what would happen? A) A surplus of 50 units would exist and the price would tend to fall. B) A surplus of 10 units would exist and the price would tend to fall. C) A surplus of 25 units would exist and the price would tend to fall. D) A shortage of 25 units would exist and the price would tend to rise.
-Refer to the Table 4-1. If the price were $120, what would happen?


A) A surplus of 50 units would exist and the price would tend to fall.
B) A surplus of 10 units would exist and the price would tend to fall.
C) A surplus of 25 units would exist and the price would tend to fall.
D) A shortage of 25 units would exist and the price would tend to rise.

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