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    Principles of Microeconomics Study Set 4
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    Exam 2: Demand and Supply: An Introduction
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Question 96

Question 96

Multiple Choice

  -Refer to the graph above to answer this question.What is the effect if the price is $800? A) There is a surplus of 30. B) There is a shortage of 30. C) 160 will be purchased. D) There is a shortage of 60. E) The price will increase.
-Refer to the graph above to answer this question.What is the effect if the price is $800?


A) There is a surplus of 30.
B) There is a shortage of 30.
C) 160 will be purchased.
D) There is a shortage of 60.
E) The price will increase.

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