Multiple Choice

-From Table 2.3, at the price of $5 there is a
A) shortage of 4.
B) surplus of 2.
C) neither a shortage nor a surplus.
D) surplus of 4.
Correct Answer:
Verified
Related Questions
Q45: Another term for shortage is
A)excess supply.
B)excess demand.
C)equilibrium
Q46: Q47: A shortage exists when Q48: Q49: Q51: Another term for surplus is Q52: The condition where firms want to sell Q53: The Law of Demand indicates that Q54: If the supply and demand curves cross Q55: 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![]()
A)QD>QS
B)QD<QS
C)QD=QS
D)an act of god![]()
![]()
A)excess supply.
B)excess demand.
C)equilibrium
A)there is![]()