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Figure 3-4 -Refer to Figure 3-4.If the Price Is $20

Question 18

Multiple Choice

Figure 3-4 Figure 3-4 -Refer to Figure 3-4.If the price is $20, A) there would be a surplus of 600 units. B) there would be a shortage of 600 units. C) quantity demanded is zero. D) the market is in equilibrium.
-Refer to Figure 3-4.If the price is $20,


A) there would be a surplus of 600 units.
B) there would be a shortage of 600 units.
C) quantity demanded is zero.
D) the market is in equilibrium.

Correct Answer:

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