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    Macroeconomics Study Set 17
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    Exam 3: Where Prices Come From: The Interaction of Demand and Supply
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    Figure 3-4 -Refer to Figure 3-4.If the Price Is $20
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Figure 3-4 -Refer to Figure 3-4.If the Price Is $20

Question 139

Question 139

Multiple Choice

Figure 3-4 Figure 3-4   -Refer to Figure 3-4.If the price is $20 A) there is a surplus of 600 units. B) there is a shortage of 600 units. C) quantity demanded is zero. D) the market is in equilibrium.
-Refer to Figure 3-4.If the price is $20


A) there is a surplus of 600 units.
B) there is a shortage of 600 units.
C) quantity demanded is zero.
D) the market is in equilibrium.

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