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If the Quantity of Textbooks Supplied Is 10,000 Per Year

Question 114

Multiple Choice

If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 12,000 per year, there is a _______ in the market and the price will _______.


A) surplus; rise
B) shortage; fall
C) shortage; rise
D) surplus; fall

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