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A Surplus Will Tend to Occur at Which Price in Figure

Question 293

Multiple Choice

A surplus will tend to occur at which price in Figure 4-21? A) P <sub> 1 </sub> B) P <sub> 2 </sub> C) P <sub> 3 </sub> D) There will be no surplus at the prices shown.
A surplus will tend to occur at which price in Figure 4-21?


A) P 1
B) P 2
C) P 3
D) There will be no surplus at the prices shown.

Correct Answer:

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Q295: Figure 4-23  <br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9061/.jpg" alt="Figure 4-23