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The Graph Shown Depicts the Market for a Good

Question 151

Multiple Choice

The graph shown depicts the market for a good. Suppose the government sets the price of this good at $36. At this price, there is: A) a surplus (excess supply) of 9,000 units. B) a shortage (excess demand) of 2,000 units. C) a shortage (excess demand) of 7,000 units. D) a surplus (excess supply) of 7,000 units. The graph shown depicts the market for a good. Suppose the government sets the price of this good at $36. At this price, there is:


A) a surplus (excess supply) of 9,000 units.
B) a shortage (excess demand) of 2,000 units.
C) a shortage (excess demand) of 7,000 units.
D) a surplus (excess supply) of 7,000 units.

Correct Answer:

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