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    Business
  3. Study Set
    Macroeconomics Study Set 17
  4. Exam
    Exam 3: Where Prices Come From: The Interaction of Demand and Supply
  5. Question
    Figure 3-4 -Refer to Figure 3-4.If the Price Is $25
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Figure 3-4 -Refer to Figure 3-4.If the Price Is $25

Question 2

Question 2

Multiple Choice

Figure 3-4 Figure 3-4   -Refer to Figure 3-4.If the price is $25 A) there is a surplus of 300 units. B) there is a shortage of 300 units. C) there is a surplus of 200 units. D) there is a shortage of 200 units.
-Refer to Figure 3-4.If the price is $25


A) there is a surplus of 300 units.
B) there is a shortage of 300 units.
C) there is a surplus of 200 units.
D) there is a shortage of 200 units.

Correct Answer:

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