Suppose that the table shown shows the demand and supply schedules for pork bellies.Which of the following statements is true?
A)There would be a surplus of pork bellies if the price were $0.50 per pound.
B)There would be a shortage of pork bellies if the price were $0.50 per pound.
C)There would be a shortage of pork bellies if the price were $0.25 per pound.
D)There would be a surplus of pork bellies if the price were $0.25 per pound.

Question

Suppose that the table shown shows the demand and supply schedules for pork bellies.Which of the following statements is true? 
A)There would be a surplus of pork bellies if the price were $0.50 per pound. 
B)There would be a shortage of pork bellies if the price were $0.50 per pound. 
C)There would be a shortage of pork bellies if the price were $0.25 per pound. 
D)There would be a surplus of pork bellies if the price were $0.25 per pound.

Quizplus · Accepted Answer

The Answer of Suppose that the table shown shows the demand and supply schedules for pork bellies.Which of the following statements is true? 
A)There would be a surplus of pork bellies if the price were $0.50 per pound. 
B)There would be a shortage of pork bellies if the price were $0.50 per pound. 
C)There would be a shortage of pork bellies if the price were $0.25 per pound. 
D)There would be a surplus of pork bellies if the price were $0.25 per pound.

Suppose That the Table Shown Shows the Demand and Supply