Use the figure below to answer the following questions. Figure 3.4.2
-At a price of $10 a unit in Figure 3.4.2,
A)there is a surplus of 200 units.
B)there is a shortage of 200 units.
C)there is a surplus of 400 units.
D)there is a shortage of 400 units.
E)supply exceeds demand.

Question

Use the figure below to answer the following questions.  Figure 3.4.2
-At a price of $10 a unit in Figure 3.4.2,
A)there is a surplus of 200 units. 
B)there is a shortage of 200 units. 
C)there is a surplus of 400 units. 
D)there is a shortage of 400 units. 
E)supply exceeds demand.

Quizplus · Accepted Answer

At a price of $10 a unit, the quantity supplied exceeds the quantity demanded by 400 units, creating a surplus of 400 units.

Use the Figure Below to Answer the Following Questions