Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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