Exhibit 4-3 
If the price of the good described in Exhibit 4-3 is $1.60, then there is a
A) shortage of 30 units
B) surplus of 30 units
C) shortage of 20 units
D) surplus of 20 units
E) surplus of 10 units
Correct Answer:
Verified
Q65: Assume that corn and soybeans are alternatives
Q137: A surplus occurs whenever
A)current price is greater
Q138: An increase in the price of a
Q140: Which of the following events would increase
Q141: Economists emphasize the importance of equilibrium in
Q143: An increase in demand will cause a(n)
A)increase
Q144: If a surplus exists in the market
Q145: The effect of an increase in consumer
Q146: If there is a shortage in the
Q147: Exhibit 4-3 
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