Refer to the following table to answer the following questions.

-If the price of this good is $2.00,there would be a ________ of ________ units.

Question

Refer to the following table to answer the following questions.
 
-If the price of this good is $2.00,there would be a ________ of ________ units.

Quizplus · Accepted Answer

At a price of $2.00, the quantity demanded is 50 units and the quantity supplied is only 20 units, resulting in a shortage of 30 units. Therefore, the best choice is C, which identifies a shortage of 30 units. None of the other choices accurately reflect the situation described by the table.

Refer to the Following Table to Answer the Following Questions