Multiple Choice
-If the market price rises from P₀ to P₂ in the above figure, then there is a
A) surplus equal to the distance Q₀, Q₂.
B) surplus equal to the distance Q₁, Q₂.
C) shortage equal to the distance Q₀, Q₂.
D) shortage equal to the distance Q₁, Q₂.
Correct Answer:

Verified
Correct Answer:
Verified
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