36. Refer to the above graph (Figure 8) to answer this question. What will be the result if the producer prices this product at $80? A. The producer will sell 20 units. B. The producer will sell 70 units. C. There will be a surplus of 70 units. D. There will be a shortage of 40 units. E. None of the choices are correct.

36. Refer to the above graph (Figure 8) to answer this question. What will be the result if the producer prices this product at $80? A. The producer will sell 20 units. B. The producer will sell 70 units. C. There will be a surplus of 70 units. D. There will be a shortage of 40 units. E. None of the choices are correct.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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