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

Question 311

Multiple Choice

-If the market price rises from P<sub>0</sub> to P<sub>2</sub> in the above figure, then there is a A) surplus equal to the distance Q<sub>0</sub>, Q<sub>2</sub>. B) surplus equal to the distance Q<sub>1</sub>, Q<sub>2</sub>. C) shortage equal to the distance Q<sub>0</sub>, Q<sub>2</sub>. D) shortage equal to the distance Q<sub>1</sub>, Q<sub>2</sub>.
-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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