Figure 3.5

-Refer to Figure 3.5. At a price of $15, there would be a:
A)surplus of 4 units.
B)shortage of 2 units.
C)surplus of 6 units.
D)shortage of 4 units.

Name: Figure 3.5 -Refer to Figure 3.5. At a price of $15, there would be a: A)surplus of 4 units. B)shortage of 2 units. C)surplus of 6 units. D)shortage of 4 units.
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Question

Figure 3.5
 
-Refer to Figure 3.5. At a price of $15, there would be a:
A)surplus of 4 units. 
B)shortage of 2 units. 
C)surplus of 6 units. 
D)shortage of 4 units.

Quizplus · Accepted Answer

At a price of $15, the quantity supplied exceeds the quantity demanded by 4 units, indicating a surplus of 4 units.

Figure 3.5 -Refer to Figure 3.5. at a Price of $15, There