Exhibit 4-3

-If the price of the good described in Exhibit 4-3 is $1.40, then there is a

Name: Exhibit 4-3 -If the price of the good described in Exhibit 4-3 is $1.40, then there is a
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Question

Exhibit 4-3
 
-If the price of the good described in Exhibit 4-3 is $1.40, then there is a

Quizplus · Accepted Answer

Looking at the exhibit, we can see that at a price of $1.40, the quantity supplied by producers is 50 units and the quantity demanded by consumers is only 20 units. This creates a difference of 30 units (50 - 20 = 30), meaning that there is a shortage of 30 units.

Exhibit 4-3 -If the Price of the Good Described in Exhibit 4-3