Table 4.3
$$\begin{array} { | c | c | c | }
\hline \text { Price (\$) } & \text { Quantity demanded } & \text { Quantity supplied } \
\hline 1.0 & 100 & 10 \
\hline 1.20 & 90 & 30 \
\hline 1.40 & 80 & 50 \
\hline 1.50 & 70 & 70 \
\hline 1.60 & 60 & 90 \
\hline
\end{array}$$
-The table given below shows the quantity supplied and the quantity demanded of a good at different prices. If the price of the good is $1.40, there is a _____.

Question

Table 4.3
 $$\begin{array} { | c | c | c | } 
\hline \text { Price (\$) } & \text { Quantity demanded } & \text { Quantity supplied } \
\hline 1.0 & 100 & 10 \
\hline 1.20 & 90 & 30 \
\hline 1.40 & 80 & 50 \
\hline 1.50 & 70 & 70 \
\hline 1.60 & 60 & 90 \
\hline
\end{array}$$
-The table given below shows the quantity supplied and the quantity demanded of a good at different prices. If the price of the good is $1.40, there is a _____.

Quizplus · Accepted Answer

At a price of $1.40, the quantity demanded is 80, which is less than the quantity supplied of 50. Therefore, there is a shortage of 30 units.

Table 43 -The Table Given Below Shows the Quantity Supplied and the |