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Table 4-5 -Refer to Table 4-5. If the Four Suppliers Listed Are

Question 149

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Table 4-5
Table 4-5    -Refer to Table 4-5. If the four suppliers listed are the only suppliers in this market and the market quantity demanded is 600 cases when the price is $4.00, which of the following statements is correct? A) The market is in equilibrium at a price of $4.00. B) There is a shortage of 200 cases at a price of $4.00. C) There is a surplus of 200 cases at a price of $4.00. D) There is a shortage of 230 cases at a price of $4.00.
-Refer to Table 4-5. If the four suppliers listed are the only suppliers in this market and the market quantity demanded is 600 cases when the price is $4.00, which of the following statements is correct?


A) The market is in equilibrium at a price of $4.00.
B) There is a shortage of 200 cases at a price of $4.00.
C) There is a surplus of 200 cases at a price of $4.00.
D) There is a shortage of 230 cases at a price of $4.00.

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