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Table 4-9
the Following Table Shows the Supply and Demand

Question 130

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Table 4-9
The following table shows the supply and demand schedules in a market.
 Price ($)  Quantity  Demanded  (units)  Quantity  Supplied  (units) 05002401543030620458106010075\begin{array} { | l | l | l | } \hline \text { Price (\$) } & \begin{array} { l } \text { Quantity } \\\text { Demanded } \\\text { (units) }\end{array} & \begin{array} { l } \text { Quantity } \\\text { Supplied } \\\text { (units) }\end{array} \\\hline 0 & 50 & 0 \\\hline 2 & 40 & 15 \\\hline 4 & 30 & 30 \\\hline 6 & 20 & 45 \\\hline 8 & 10 & 60 \\\hline 10 & 0 & 75 \\\hline\end{array}
-Refer to Table 4-9. At a price of $2, will there be a surplus or shortage of units in this market?

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