-A shortage of 150 units would appear in this market at a price of:

Name: -A shortage of 150 units would appear in this market at a price of:
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Question

Quizplus · Accepted Answer

At a price of $4.00, the quantity demanded would exceed the quantity supplied, leading to a shortage of 150 units. This is based on the typical behavior of supply and demand in a market, where a lower price than the equilibrium price results in higher demand than supply.

-A Shortage of 150 Units Would Appear in This Market