20 18- 16+ 14 12 10 price 8 10 20 30 40 50 60 D ĐỘ ĐO TH - The graph above shows the supply & demand curves for a market. If the price in the market is currently $12, then there would be a... O surplus of 20 units. Price will fall from $12 to a lower price. shortage of 20 units. Price will rise from $12 to a higher price. O surplus of 40 units. Price will fall from $12 to a lower price. shortage of 40 units. Price will rise from $12 to a higher price.

20 18- 16+ 14 12 10 price 8 10 20 30 40 50 60 D ĐỘ ĐO TH - The graph above shows the supply & demand curves for a market. If the price in the market is currently $12, then there would be a... O surplus of 20 units. Price will fall from $12 to a lower price. shortage of 20 units. Price will rise from $12 to a higher price. O surplus of 40 units. Price will fall from $12 to a lower price. shortage of 40 units. Price will rise from $12 to a higher price.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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