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Exhibit 4-9 Data on Supply and Demand

Question 64

Multiple Choice

Exhibit 4-9 Data on supply and demand
In Exhibit 4-9, if a price ceiling is set at $1.50 the market result after adjustment is:

A) a shortage of 150 units.
B) a surplus of 100 units.
C) shortage of 100 units.
D) equilibrium at 200 units.

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