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Figure: Price Adjustment Refer to the Figure

Question 102

Multiple Choice

Figure: Price Adjustment Figure: Price Adjustment Refer to the figure. If the price of the product is $14, there is a: A) shortage of 30 units of the product, and the price will rise to $16. B) surplus of 20 units of the product, and the price will rise to $16. C) shortage of 50 units of the product, and the price will rise to $16. D) surplus of 40 units of the product, and the price will rise to $16. Refer to the figure. If the price of the product is $14, there is a:


A) shortage of 30 units of the product, and the price will rise to $16.
B) surplus of 20 units of the product, and the price will rise to $16.
C) shortage of 50 units of the product, and the price will rise to $16.
D) surplus of 40 units of the product, and the price will rise to $16.

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