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(Table) Using the Data in the Table for the Market

Question 155

Multiple Choice

(Table) Using the data in the table for the market for lattes, at a price of $6 (Table) Using the data in the table for the market for lattes, at a price of $6 A) there is a surplus of lattes. B) there is a shortage of lattes. C) consumers want to buy exactly seven lattes. D) there is no incentive for any market participants to change their behavior.

A) there is a surplus of lattes.
B) there is a shortage of lattes.
C) consumers want to buy exactly seven lattes.
D) there is no incentive for any market participants to change their behavior.

Correct Answer: