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The market schedules for Frosted Wild Berry-flavored PopTarts on an extremely large community college campus. The PopTarts on this college campus are only sold in
The market schedules for Frosted Wild Berry-flavored PopTarts on an extremely large community college campus. The PopTarts on this college campus are only sold in vending machines. Price (per unit) Quantity Demanded Quantity Supplied $1.00 50 10 $2.00 40 20 $3.00 30 30 $4.00 20 40 $5.00 10 50 Suppose the community college's vending machine proprietor (i.e., the company that runs the vending machines on behalf of the community college) sets the price of the Wild Berry PopTarts at $1.00 per PopTart. Which of the following statements is likely true about this market? Group of answer choices There is a surplus of Wild Berry PopTarts. The surplus is equal to 40 units. The market is at equilibrium. There is neither a shortage nor surplus of Wild Berry PopTarts. There is a shortage of 40 units for Wild Berry PopTarts. There is a shortage of 20 units for Wild Berry PopTarts
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