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Question 131

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Use the following to answer questions:
Figure: Basic Supply and Demand Use the following to answer questions: Figure: Basic Supply and Demand -(Figure: Basic Supply and Demand) In the diagram, if the market price is $2, then there is a: A) surplus of 60 units. B) surplus of 20 units. C) shortage of 20 units. D) market equilibrium.
-(Figure: Basic Supply and Demand) In the diagram, if the market price is $2, then there is a:


A) surplus of 60 units.
B) surplus of 20 units.
C) shortage of 20 units.
D) market equilibrium.

Correct Answer:

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