Refer to Figure 3-4. If the price is $10,
A. there would be a surplus of 600 units.
B. there would be a shortage of 600 units.
C. there would be a surplus of 200 units.
D. there would be a shortage of 200 units.
Answer:B
Refer to Figure 3-4. If the price is $10,
A. there would be a surplus of 600 units. B. there would be a shortage of 600 units. C. there would be a surplus of 200 units. D. there would be a shortage of 200 units.