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-Which of the Following Statements About the Market Represented by Figure

Question 17

Multiple Choice

-Which of the following statements about the market represented by Figure 3-9 is correct? A) At a price of $50.00,there is an excess supply of 11 million units. B) At a price of $50.00,there is an excess demand of 11 million units. C) At a price of $50.00,there is an excess supply of 15 million units. D) At a price of $50.00,there is an excess demand of 15 million units. E) At a price of $50.00,there is an excess demand of 25 million units.
-Which of the following statements about the market represented by Figure 3-9 is correct?


A) At a price of $50.00,there is an excess supply of 11 million units.
B) At a price of $50.00,there is an excess demand of 11 million units.
C) At a price of $50.00,there is an excess supply of 15 million units.
D) At a price of $50.00,there is an excess demand of 15 million units.
E) At a price of $50.00,there is an excess demand of 25 million units.

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