Exhibit 4-3 
If the price of the good described in Exhibit 4-3 is $1.20, then there is a
A) shortage of 30 units
B) surplus of 30 units
C) shortage of 60 units
D) surplus of 60 units
E) surplus of 20 units
Correct Answer:
Verified
Q142: Exhibit 4-3 Q143: An increase in demand will cause a(n) Q144: If a surplus exists in the market Q145: The effect of an increase in consumer Q146: If there is a shortage in the Q148: If there is a shortage in the Q150: The equilibrium point represents the only price-quantity Q151: Saccharin and aspartame are both low-calorie substitutes Q151: A shortage of textbooks will cause Q152: If there is a shortage in the
A)increase
A)a decrease
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