Multiple Choice
-Refer to the Table 4-1. If the price were $30, what would happen?
A) A shortage of 90 units would exist and the price would tend to fall.
B) A surplus of 45 units would exist and the price would tend to rise.
C) A surplus of 45 units would exist and the price would tend to fall.
D) A shortage of 90 units would exist and the price would tend to rise.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: Figure 4-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 4-5
Q53: Which of the following would NOT be
Q54: Figure 4-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 4-10
Q55: Peterborough is a small university city in
Q56: Figure 4-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 4-7
Q58: Figure 4-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 4-1
Q59: If two goods are substitutes, what happens
Q60: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to the
Q61: Market demand is given as Qd =
Q62: Suppose there is an earthquake that destroys