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If the Quantity of Textbooks Supplied Is 10,000 Per Year

Question 499

Multiple Choice

If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 12,000 per year, there is a ________in the market and the price will _____________.


A) shortage; fall
B) shortage; rise
C) surplus; rise
D) surplus; fall

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