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Price $25.00 20.00 15.00 10.00 200 400 500 600 700 800 Quantity Refer to figure above. If the price is $25, O there would be surplus of 300 units. O there would be shortage of 200 units. O there would be a surplus of 200 units. O there would be shortage of 300 units.

Price $25.00 20.00 15.00 10.00 200 400 500 600 700 800 Quantity Refer to figure above. If the price is $25, O there would be surplus of 300 units. O there would be shortage of 200 units. O there would be a surplus of 200 units. O there would be shortage of 300 units.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Price $25.00 20.00 15.00 10.00 200 400 500 600 700 800 Quantity Refer to figure above. If the price is $25, O there would be surplus of 300 units. O there would be shortage of 200 units. O there would be a surplus of 200 units. O there would be shortage of 300 units.
Transcribed Image Text:Price $25.00 20.00 15.00 10.00 200 400 500 600 700 800 Quantity Refer to figure above. If the price is $25, O there would be surplus of 300 units. O there would be shortage of 200 units. O there would be a surplus of 200 units. O there would be shortage of 300 units.
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