(Table) In the table, at a price of $12: $$\begin{array} { l c c }
\text { Price } & \begin{array} { c }
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { Supplied }
\end{array} \
\$ 15 & 40 & 80 \
\$ 12 & 50 & 70 \
\$ 10 & 60 & 60 \
\$ 7 & 70 & 50 \
\$ 5 & 80 & 40
\end{array}$$

Question

(Table) In the table, at a price of $12: $$\begin{array} { l c c } 
\text { Price } & \begin{array} { c } 
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { Supplied }
\end{array} \
\$ 15 & 40 & 80 \
\$ 12 & 50 & 70 \
\$ 10 & 60 & 60 \
\$ 7 & 70 & 50 \
\$ 5 & 80 & 40
\end{array}$$

Quizplus · Accepted Answer

At a price of $12, the quantity supplied is 70 units and the quantity demanded is 50 units, resulting in a surplus of 20 units (70 - 50 = 20).

(Table) in the Table, at a Price of $12 A) a Shortage of 20 Units Occurs