Exhibit 3-1
-Consider the market represented by the schedule in Exhibit 3-1. At a price of $2 per unit,
A)the quantity purchased is 1,000 units.
B)there will be a tendency for the price to decrease.
C)there is a surplus of 300 units.
D)the quantity sold is 350 units.
E)the quantity purchased equals the quantity sold.

Question

Exhibit 3-1 
-Consider the market represented by the schedule in Exhibit 3-1. At a price of $2 per unit,
A)the quantity purchased is 1,000 units. 
B)there will be a tendency for the price to decrease. 
C)there is a surplus of 300 units. 
D)the quantity sold is 350 units. 
E)the quantity purchased equals the quantity sold.

Quizplus · Accepted Answer

The Answer of Exhibit 3-1 
-Consider the market represented by the schedule in Exhibit 3-1. At a price of $2 per unit,
A)the quantity purchased is 1,000 units. 
B)there will be a tendency for the price to decrease. 
C)there is a surplus of 300 units. 
D)the quantity sold is 350 units. 
E)the quantity purchased equals the quantity sold.

Exhibit 3-1 -Consider the Market Represented by the Schedule in Exhibit 3-1