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-If the Market Price Rises from P₀ to P₂ in the Above

Question 34

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.
-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.

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