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-Consider the Market Represented by the Schedule in Table 2

Question 117

Multiple Choice
-Consider the market represented by the schedule in Table 2.4. At equilibrium,

-Consider the market represented by the schedule in Table 2.4. At equilibrium, A) the market price is $5 per unit. B) there is a surplus of 900 units. C) there is a shortage of 900 units. D) 900 units are traded at a price of $3 per unit. E) the market price is $1 per unit and the quantity traded is 500 units.
-Consider the market represented by the schedule in Table 2.4. At equilibrium,


A) the market price is $5 per unit.
B) there is a surplus of 900 units.
C) there is a shortage of 900 units.
D) 900 units are traded at a price of $3 per unit.
E) the market price is $1 per unit and the quantity traded is 500 units.

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