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Refer to the Above Table

Question 70

Multiple Choice

Refer to the above table.Suppose that demand is represented by columns (3) and (2) and supply is represented by columns (3) and (5) .If the price were artificially set at $9: A) the market would clear. B) a surplus of 20 units would occur. C) a shortage of 20 units would occur. D) demand would change from columns (3) and (2) to columns (3) and (1) . Refer to the above table.Suppose that demand is represented by columns (3) and (2) and supply is represented by columns (3) and (5) .If the price were artificially set at $9:


A) the market would clear.
B) a surplus of 20 units would occur.
C) a shortage of 20 units would occur.
D) demand would change from columns (3) and (2) to columns (3) and (1) .

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