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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 108

Question 108

Multiple Choice

  -Refer to the above information to answer this question.What is true if price is $45? A) Price will soon fall. B) There is a surplus of 40. C) The quantity supplied is 200. D) The quantity demanded is 80. E) There is a shortage of 40.
-Refer to the above information to answer this question.What is true if price is $45?


A) Price will soon fall.
B) There is a surplus of 40.
C) The quantity supplied is 200.
D) The quantity demanded is 80.
E) There is a shortage of 40.

Correct Answer:

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