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Homework answers / question archive / Price Quantity Demanded Quantity Supplied $10 10 60 8 20 45 6 30 30 4 40 15 2 50 0   If the price were $8, a _____

Price Quantity Demanded Quantity Supplied $10 10 60 8 20 45 6 30 30 4 40 15 2 50 0   If the price were $8, a _____

Economics

Price Quantity Demanded Quantity Supplied
$10 10 60
8 20 45
6 30 30
4 40 15
2 50 0

 

If the price were $8, a _____.

a. surplus of 50 units would exist and price would tend to fall

b. surplus of 10 units would exist and price would tend to fall

c. surplus of 25 units would exist and price would tend to fall

d. shortage of 25 units would exist and price would tend to rise

Option 1

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