At a market price of $47, there is _______. a) a shortage b) a surplus c) both
Question:
At a market price of $47, there is _______.
a) a shortage
b) a surplus
c) both a shortage and a surplus
d) neither a shortage nor a surplus
Transcribed Image Text:
Price ($) 49 48 47 46 45 44 43 42 41 40 Figure 2 S D 10 20 30 40 50 60 40 50 60 70 80 90 100 Quantity
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