Exhibit 3-14

-Refer to Exhibit 3-14. At a price of $13,there is a ____________ unit ____________ of good X.

Name: Exhibit 3-14 -Refer to Exhibit 3-14. At a price of $13,there is a ____________ unit ____________ of good X.
Brand: Quizplus
Rating: 5.0 (45 reviews)

Question

Exhibit 3-14
 
-Refer to Exhibit 3-14. At a price of $13,there is a ____________ unit ____________ of good X.

Quizplus · Accepted Answer

At a price of $13, the quantity demanded of good X is 160, while the quantity supplied is only 20. This creates a shortage of 140 units, as the quantity demanded exceeds the quantity supplied.

Exhibit 3-14 -Refer to Exhibit 3-14. at a Price of $13,there Is