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3. Refer to Figure 4-7. At a price of $15, a. there would be a shortage of 400 units. b. there would be a surplus

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3. Refer to Figure 4-7. At a price of $15, a. there would be a shortage of 400 units. b. there would be a surplus of 400 units. c. there would be a shortage of 200 units. d. there would be an excess demand of 200 units

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