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Exhibit 4-3 If the Price of the Good Described

Question 154

Multiple Choice

Exhibit 4-3 Exhibit 4-3 If the price of the good described in Exhibit 4-3 is $1.50, then A) there is a shortage B) there is a surplus C) the market is in equilibrium D) the quantity supplied is 30 units E) the quantity demanded is 30 units If the price of the good described in Exhibit 4-3 is $1.50, then


A) there is a shortage
B) there is a surplus
C) the market is in equilibrium
D) the quantity supplied is 30 units
E) the quantity demanded is 30 units

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