The table given below shows the quantity supplied and the quantity demanded for a good at different prices.If the price of the good described in the table given below is $1.60,then there is a:
A) shortage of 30 units.
B) surplus of 30 units.
C) shortage of 20 units.
D) surplus of 20 units.
E) surplus of 10 units.
Correct Answer:
Verified
Q93: Saccharin and aspartame are both low-calorie substitutes
Q94: Consider a market for coffee that is
Q95: Consider a market for kids' shoes that
Q96: For a given upward-sloping supply curve,a decrease
Q97: The equilibrium point represents the only price-quantity
Q99: The table given below shows the
Q100: The table given below shows the
Q101: If both demand and supply increases in
Q102: The figure given below shows the market
Q103: If demand decreases and supply increases in
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