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If Government Set a Minimum Price of $50 in the
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Question 264

Multiple Choice

 Quantity Demanded  Price  Quantity Supplied 52$5073624562724051823542923033\begin{array} { | c | r | c | } \hline \text { Quantity Demanded } & \text { Price } & \text { Quantity Supplied } \\\hline 52 & \$ 50 & 73 \\\hline 62 & 45 & 62 \\\hline 72 & 40 & 51 \\\hline 82 & 35 & 42 \\\hline 92 & 30 & 33 \\\hline\end{array} If government set a minimum price of $50 in the market, a


A) shortage of 21 units would occur.
B) shortage of 125 units would occur.
C) surplus of 21 units would occur.
D) surplus of 125 units would occur.

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