Answered: According to the figure, if the price…

According to the figure, if the price is $4, there is a: O surplus of 375 units, and the price will fall. O shortage of 375 units, and the price will rise.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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