Question: resolve: Table 4-17 re oe am $10 10 60 $3 20 45 $6 30 30 $4 40 15 $2 50 0 Refer to Table 4-11.

resolve:

Table 4-17 re oe am $10 10 60 $3 20 45 $6 30 30 $4 40 15 $2 50 0 Refer to Table 4-11. If the price were $8, a ) shortage of 20 units would exist, and price would tend to rise. surplus of 25 units would exist, and price would tend to fall_ shortage of 25 units would exist, and price would tend to rise. surplus of 45 units would exist, and price would tend to fall

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