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Question 150

Multiple Choice

-Refer to the above graph to answer this question.What are the implications if the price of this product is $8? A) The price would be above equilibrium. B) There would be a shortage of 300 units. C) There would be a shortage of 600 units. D) There would be a surplus of 300 units. E) There would be a surplus of 600 units.
-Refer to the above graph to answer this question.What are the implications if the price of this product is $8?


A) The price would be above equilibrium.
B) There would be a shortage of 300 units.
C) There would be a shortage of 600 units.
D) There would be a surplus of 300 units.
E) There would be a surplus of 600 units.

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