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-In the Above Figure, If D2 Is the Demand Curve

Question 25

Multiple Choice

-In the above figure, if D<sub>2</sub> is the demand curve, then a price of P<sub>3</sub> would result in A) a shortage of Q<sub>3</sub> - Q<sub>1</sub>. B) a shortage of Q<sub>4</sub> - Q<sub>3</sub>. C) a surplus of Q<sub>3</sub> - Q<sub>1</sub>. D) a surplus of Q<sub>4</sub> - Q<sub>0</sub>.
-In the above figure, if D2 is the demand curve, then a price of P3 would result in


A) a shortage of Q3 - Q1.
B) a shortage of Q4 - Q3.
C) a surplus of Q3 - Q1.
D) a surplus of Q4 - Q0.

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