PART IV: For all questions in this section reference the graph below. -30- 20 -10- 0 n. o. 10 20 If the P were to be $22, would there be a shortage/surplus? If so, how much? If the P were to be $10, would there be a shortage/surplus? If so, how much?

PART IV: For all questions in this section reference the graph below. -30- 20 -10- 0 n. o. 10 20 If the P were to be $22, would there be a shortage/surplus? If so, how much? If the P were to be $10, would there be a shortage/surplus? If so, how much?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 18RQ: If the price is above line equilibrium level, would you predict a surplus or a shortage? If line...

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