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The Table Shown Depicts the Demand and Supply Schedules of a Good

Question 133

Multiple Choice

The table shown depicts the demand and supply schedules of a good. At a price of $2.00, quantity demanded: A) exceeds quantity supplied, and a shortage (excess demand) exists. B) is less than quantity supplied, and a shortage (excess demand) exists. C) exceeds quantity supplied, and a surplus (excess supply) exists. D) is less than quantity supplied, and a surplus (excess supply) exists.
The table shown depicts the demand and supply schedules of a good. At a price of $2.00, quantity demanded:


A) exceeds quantity supplied, and a shortage (excess demand) exists.
B) is less than quantity supplied, and a shortage (excess demand) exists.
C) exceeds quantity supplied, and a surplus (excess supply) exists.
D) is less than quantity supplied, and a surplus (excess supply) exists.

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