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Use the Table Below to Answer the Following Questions

Question 103

Multiple Choice

Use the table below to answer the following questions.
Use the table below to answer the following questions.    -Refer to Table 3.5.1.If the price is set at $80, there will be a A) surplus of 200 units and demand will rise. B) shortage of 200 units and price will rise. C) surplus of 200 units and price will fall. D) surplus of 200 units and supply will fall. E) shortage of 200 units and demand will fall.
-Refer to Table 3.5.1.If the price is set at $80, there will be a


A) surplus of 200 units and demand will rise.
B) shortage of 200 units and price will rise.
C) surplus of 200 units and price will fall.
D) surplus of 200 units and supply will fall.
E) shortage of 200 units and demand will fall.

Correct Answer:

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