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Exhibit 4-9  Data on Supply and Demand in Exhibit 4-9

Question 99

Multiple Choice

Exhibit 4-9  Data on supply and demand 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. 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.

Correct Answer:

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