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A) surplus; 4B) surplus; 8C) shortage; 8D) shortage; 4 P S $15 $10 $5 - - --= D 8 12 16 Q Refer to the

A) surplus; 4B) surplus; 8C) shortage; 8D) shortage; 4

P S $15 $10 $5 - - --= D 8 12 16 Q Refer to the supply and demand graph above. If the price is $15, there is a of units. surplus, 4 surplus; 8

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