
-Refer to the Table 4-1. If the price were $30, what would happen?
A) A shortage of 90 units would exist and the price would tend to fall.
B) A surplus of 45 units would exist and the price would tend to rise.
C) A surplus of 45 units would exist and the price would tend to fall.
D) A shortage of 90 units would exist and the price would tend to rise.
Correct Answer:
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Q151: What happens if there is a shortage
Q152: What is another term for equilibrium price?
A)
Q153: Figure 4-2 Q154: Figure 4-2 Q155: Figure 4-4 Q157: Q158: Figure 4-3 Q159: Figure 4-1 Q160: Figure 4-3 Q161: What does supply-and-demand analysis involve? Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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A) comparisons of