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According to the Figure Below,at the Price of $5

Question 14

Multiple Choice

According to the figure below,at the price of $5:
According to the figure below,at the price of $5:   A)  the equilibrium quantity is 500. B)  the quantity demanded is 500. C)  the demand is 500. D)  there is a surplus. E)  there is a shortage.


A) the equilibrium quantity is 500.
B) the quantity demanded is 500.
C) the demand is 500.
D) there is a surplus.
E) there is a shortage.

Correct Answer:

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