(Attention: If you can't see the Figure, please click here to download and view the image. Thank you.) Refer to Figure 6. At a price of O $2., there is a surplus of 6 units. O $5, there is a surplus of 5 units. O $8, there is a surplus of 6 units. O $7, there is a shortage of 4 units. O $5, there is a shortage of 5 units.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The figure given below shows the demand and supply curves in the market for bread.
Figure 6
10
↑ Price
94
8
1
1 2 3
Quantity
(Attention: If you can't see the Eigure, please click here to download and view the image. Thank you.)
&
Refer to Figure 6. At a price of
O $2, there is a surplus of 6 units.
O $5, there is a surplus of 5 units.
O $8, there is a surplus of 6 units.
O $7, there is a shortage of 4 units.
O $5, there is a shortage of 5 units.
Transcribed Image Text:The figure given below shows the demand and supply curves in the market for bread. Figure 6 10 ↑ Price 94 8 1 1 2 3 Quantity (Attention: If you can't see the Eigure, please click here to download and view the image. Thank you.) & Refer to Figure 6. At a price of O $2, there is a surplus of 6 units. O $5, there is a surplus of 5 units. O $8, there is a surplus of 6 units. O $7, there is a shortage of 4 units. O $5, there is a shortage of 5 units.
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