Use the table below to answer the following questions.
Table 3.5.3
-Refer to Table 3.5.3.Suppose that the price of a designer sport t- shirt is $6.The market has _______ leading to _______ .

Question

Use the table below to answer the following questions.
Table 3.5.3 
-Refer to Table 3.5.3.Suppose that the price of a designer sport t- shirt is $6.The market has _______ leading to _______ .

Quizplus · Accepted Answer

According to the table, at a price of $6, the quantity demanded of designer sport t-shirts is 600, while the quantity supplied is only 400. This creates a shortage of 200 t-shirts. As a result, the market will experience a rise in price in order to reduce the quantity demanded and increase the quantity supplied, ultimately reaching an equilibrium. Therefore, choice D is the correct answer.

Use the Table Below to Answer the Following Questions