The following table shows the market demand schedule and supply schedule for notebooks.
-Refer to the table above.Which of the following statements is true?
A) There is a surplus of 4 notebooks in the market when the price of one notebook is $5.
B) There is a surplus of 10 notebooks in the market when the price of one notebook is $8.
C) There is a shortage of 4 notebooks in the market when the price of one notebook is $6.
D) There is a shortage of 12 notebooks in the market when the price of one notebook is $4.
Correct Answer:
Verified
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