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Question
Refer to the following table to answer the following questions.
| Price | Quantity Demanded | Quantity Supplied |
| $10.00 | 10 | 100 |
| $8.00 | 20 | 80 |
| $6.00 | 30 | 60 |
| $4.00 | 40 | 40 |
| $2.00 | 50 | 20 |
| $0.00 | 60 | 0 |
If the price of this good is $2.00, there would be a ________ of ________ units.
a. shortage; 20
b. surplus; 50
c. shortage; 30
d. surplus; 30
e. surplus; 20
Answer
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