Supply
$80
Price
20
Demand
0
50
200
100 160
Quantit...
Social Studies, 09.03.2021 23:20, anthonylopez1
Supply
$80
Price
20
Demand
0
50
200
100 160
Quantity
Refer to the above diagram. A price of $60 in this market will result in:
O equilibrium
a shortage of 50 units
O a surplus of 50 units.
O a surplus of 100 units.
Answers: 3
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