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(Figure: Interpreting Market Equilibrium) If the Price Were $20, Then

Question 29

Multiple Choice

(Figure: Interpreting Market Equilibrium) If the price were $20, then there would be a _____ units and the price would _____. (Figure: Interpreting Market Equilibrium) If the price were $20, then there would be a _____ units and the price would _____. A) shortage of 4,000; fall B) shortage of 2,000; rise C) surplus of 4,000; fall D) surplus of 2,000; fall


A) shortage of 4,000; fall
B) shortage of 2,000; rise
C) surplus of 4,000; fall
D) surplus of 2,000; fall

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