efer to the following table. If the price in the free market is $8, then a price q demanded q supplied 10 100 160 8 120 145 6 130 130 4 140 115 2 150 100 Choice 1 of 4:surplus of 25 units would exist and price would tend to rise.Choice 2 of 4:shortage of 25 units would exist and price would tend to fall.Choice 3 of 4:surplus of 25 units would exist and price would tend to fall.Choice 4 of 4:shortage of 25 units would exist and price would tend to rise.

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A:

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Q: $30 25 20 15 10 50 150 250 Quantity In the diagram above, if the market price is $10 per unit, the…

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Q: 3.2. Refer to Scenario 7-2. How much is total surplus at the equilibrium price in this market?

A:

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