Business, 09.09.2021 02:30 zabomoxx5ll

Use the graph below to answer the following question. A graph has Quantity on the horizontal axis and Price per Unit on the vertical axis. An upward-sloping line labeled S intersects a downward-sloping line labeled D at value 45 on the horizontal axis and value level B on the vertical axis. Value A on the vertical axis corresponds to horizontal axis value 25 where it meets line D and value 70 where it meets line S. Value C on the vertical axis corresponds to horizontal axis value 35 where it meets line S and value 60 where it meets line D.

What would be the result if the price were set at C in the market above?

A surplus of 10 units
A shortage of 10 units
A surplus of 25 units
A shortage of 25 units
A surplus of 35 units

Answers: 2

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Use the graph below to answer the following question. A graph has Quantity on the horizontal axis...

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