Use the Following to Answer Questions: Table: Equilibrium Adjustment -(Table: Equilibrium Adjustment) Refer to the Table
Multiple Choice
Use the following to answer questions: Table: Equilibrium Adjustment
-(Table: Equilibrium Adjustment) Refer to the table. If the price in the free market is $2, then a:
A) surplus of 50 units would exist, and price would fall.
B) surplus of 50 units would exist, and price would rise.
C) shortage of 50 units would exist, and price would rise.
D) shortage of 50 units would exist, and price would fall.
Correct Answer:

Verified
Correct Answer:
Verified
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