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Use the Table Below to Answer the Following Questions

Question 91

Multiple Choice

Use the table below to answer the following questions.
Price dollars per unit)
Table 3.4.1
Quantity Demanded
Use the table below to answer the following questions. Price dollars per unit)  Table 3.4.1 Quantity Demanded    Quantity Supplied units)  -Refer to Table 3.4.1.At a price of $3 a unit A) the market is in equilibrium. B) there is a 180- unit shortage and a tendency for the price to fall. C) there is a 180- unit shortage and a tendency for the price to rise. D) there is a 180- unit surplus and a tendency for the price to fall. E) there is a 420- unit shortage and a tendency for the price to rise. Quantity Supplied units)
-Refer to Table 3.4.1.At a price of $3 a unit


A) the market is in equilibrium.
B) there is a 180- unit shortage and a tendency for the price to fall.
C) there is a 180- unit shortage and a tendency for the price to rise.
D) there is a 180- unit surplus and a tendency for the price to fall.
E) there is a 420- unit shortage and a tendency for the price to rise.

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