Multiple Choice
-The above table shows the demand schedule and supply schedule for chocolate chip cookies. If the price is $4.00 per pound, there is a
A) shortage of 3 pounds of chocolate chip cookies.
B) shortage of 5 pounds of chocolate chip cookies.
C) shortage of 2 pounds of chocolate chip cookies.
D) surplus of 3 pounds of chocolate chip cookies.
Correct Answer:
Verified
Correct Answer:
Verified
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