Table 4-2 -Refer to Table 4-2. If the Price Were $2, What

Multiple Choice

Table 4-2

-Refer to Table 4-2. If the price were $2, what would happen?

A) A shortage of 25 units would exist and the price would tend to fall.
B) A surplus of 50 units would exist and the price would tend to rise.
C) A surplus of 25 units would exist and the price would tend to fall.
D) A shortage of 50 units would exist and the price would tend to rise.