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Table 4-7 -Refer to Table 4-7.If the Price Were $4,a

Question 11

Multiple Choice

Table 4-7
Table 4-7 -Refer to Table 4-7.If the price were $4,a A) surplus of 15 units would exist, and price would tend to fall. B) shortage of 25 units would exist, and price would tend to rise. C) surplus of 25 units would exist, and price would tend to fall. D) shortage of 40 units would exist, and price would tend to rise.
-Refer to Table 4-7.If the price were $4,a


A) surplus of 15 units would exist, and price would tend to fall.
B) shortage of 25 units would exist, and price would tend to rise.
C) surplus of 25 units would exist, and price would tend to fall.
D) shortage of 40 units would exist, and price would tend to rise.

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