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Use the Figure Below to Answer the Following Questions

Question 118

Multiple Choice

Use the figure below to answer the following questions.
Table 3.5.2 Use the figure below to answer the following questions. Table 3.5.2 -Refer to Table 3.5.2.If the price is set at $0.80 per cup, there is _______ leading to a price _______. A) an equilibrium; rise B) a surplus; fall C) a shortage; fall D) a shortage; rise E) a surplus; rise
-Refer to Table 3.5.2.If the price is set at $0.80 per cup, there is _______ leading to a price _______.


A) an equilibrium; rise
B) a surplus; fall
C) a shortage; fall
D) a shortage; rise
E) a surplus; rise

Correct Answer:

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