The following figure shows the demand and supply curves for USB flash drives at different price levels. D is the demand curve, and S₁ is the initial supply curve.

-Refer to the figure above.When the demand curve for flash drives is D and the supply curve of flash drives is S₁,what is the shortage in the market if the price is $4?
A) 0 units
B) 10 units
C) 20 units
D) 40 units
Correct Answer:
Verified
Q149: If the demand and supply curves for
Q150: Other things remaining the same,a leftward shift
Q151: Other things remaining the same,a rightward shift
Q152: The following figure shows the demand and
Q153: Other things remaining same,a rightward shift in
Q155: Suppose Z is a normal good.The equilibrium
Q156: The following figure shows the demand and
Q157: The following figure shows the demand and
Q158: In 2007,an unseasonably dry spring led to
Q159: If the demand for gem-quality diamonds decreases
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents