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- Refer to the Above Graph

Question 48

Multiple Choice

- Refer to the above graph. At price level P<sub>2</sub>: A) the quantity of output supplied is constant. B) the quantity of output supplied is equal to the quantity of output demanded. C) the quantity of output supplied is greater than the quantity of output demanded. D) the quantity of output supplied is less than the quantity of output demanded.
- Refer to the above graph. At price level P2:


A) the quantity of output supplied is constant.
B) the quantity of output supplied is equal to the quantity of output demanded.
C) the quantity of output supplied is greater than the quantity of output demanded.
D) the quantity of output supplied is less than the quantity of output demanded.

Correct Answer:

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