So $15 $12 $9 $6 $3 Do 10 20 30 40 50 Quantity Figure 3.2 Supply...

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So $15 $12 $9 $6 $3 Do 10 20 30 40 50 Quantity Figure 3.2 Supply and Demand 23. The equilibrium price and quantity in Figure 3.2 are, respectively, A) $9 and 30 units. B) $6 and 20 units. C) $12 and 20 units. D) $12 and 40 units. 24. If the actual market price were fixed at $15 per unit in Figure 3.2, A) There would be a surplus of 40 units. B) There would be a surplus of 20 units. C) There would be a shortage of 40 units. D) There would be a shortage of 20 units. 25. If the actual market price were fixed at $6 per unit in Figure 3.2, There will be a shortage of A) a surplus of 30 units. B) a shortage of 40 units. C) a shortage of $6 D. a shortage of 20 units Dollars per Unit %24 So $15 $12 $9 $6 $3 Do 10 20 30 40 50 Quantity Figure 3.2 Supply and Demand 23. The equilibrium price and quantity in Figure 3.2 are, respectively, A) $9 and 30 units. B) $6 and 20 units. C) $12 and 20 units. D) $12 and 40 units. 24. If the actual market price were fixed at $15 per unit in Figure 3.2, A) There would be a surplus of 40 units. B) There would be a surplus of 20 units. C) There would be a shortage of 40 units. D) There would be a shortage of 20 units. 25. If the actual market price were fixed at $6 per unit in Figure 3.2, There will be a shortage of A) a surplus of 30 units. B) a shortage of 40 units. C) a shortage of $6 D. a shortage of 20 units Dollars per Unit %24

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23 The equilibrium price and quantity are 9 and 30 units respectively bcause that is ... View the full answer