Multiple Choice
If the market price rises from P0 to P2 in the above figure, then there is a
A) surplus equal to the distance Q0, Q2.
B) surplus equal to the distance Q1, Q2.
C) shortage equal to the distance Q0, Q2.
D) shortage equal to the distance Q1, Q2.
Correct Answer:
Verified
Correct Answer:
Verified
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