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The Following Table Shows the Market Demand Schedule and Supply

Question 38

Multiple Choice

The following table shows the market demand schedule and supply schedule for notebooks.
The following table shows the market demand schedule and supply schedule for notebooks. -Refer to the table above.Which of the following statements is true? A) There is a surplus of 4 notebooks in the market when the price of one notebook is $5. B) There is a surplus of 10 notebooks in the market when the price of one notebook is $8. C) There is a shortage of 4 notebooks in the market when the price of one notebook is $6. D) There is a shortage of 12 notebooks in the market when the price of one notebook is $4.
-Refer to the table above.Which of the following statements is true?


A) There is a surplus of 4 notebooks in the market when the price of one notebook is $5.
B) There is a surplus of 10 notebooks in the market when the price of one notebook is $8.
C) There is a shortage of 4 notebooks in the market when the price of one notebook is $6.
D) There is a shortage of 12 notebooks in the market when the price of one notebook is $4.

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