Multiple Choice
Table 4.3
-The table below shows the quantity supplied and the quantity demanded of a good at different prices. If the market price of the good is $1.20, there will be a _____.
A) shortage of 30 units.
B) surplus of 30 units.
C) shortage of 60 units.
D) surplus of 60 units.
E) surplus of 20 units.
Correct Answer:
Verified
Related Questions
Q129: Table 4.4 Q130: Buyers prefer a _ price and sellers