Supply $60 20 Demand 0 50 100 150 200 Quantity Refer to the diagram. A price...

Question

Question

Answer 1

Answer #1

Correct Answer:

Shortage of 100 units

Working note:

At price of $20,

Demand = 200 units

Supply = 100 units

then,

Shortage = 200-100

Shortage = 100 units

So, shortage of 100 units, will take place.

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Answer 2

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