-Refer to Table 3

Multiple Choice

-Refer to Table 3.4. At a price of $45,

A) we would expect the price to rise because of a shortage equal to 350 units.
B) we would expect the amount purchased to fall because of a surplus equal to 350 units.
C) none of the commodity is demanded.
D) we would expect the price to fall because of a shortage equal to 350 units.
E) 350 units of the commodity are supplied.