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Complete Table 3  Quantity Demanded by \text { Quantity Demanded by }  Quantity Supplied by \text { Quantity Supplied by }

Question 93

Multiple Choice

Complete Table 3.1.Then answer the indicated question.  Quantity Demanded by \text { Quantity Demanded by }
 Price Alejandro Ben Carl Market $8.00842___6.001244___4.002046___2.002246___\begin{array}{rccc}\text { Price}&\text { Alejandro}&\text { Ben}&\text { Carl }&\text {Market }\\\$ 8.00 & 8 & 4 & 2&\_\_\_ \\6.00 & 12 & 4 & 4&\_\_\_ \\4.00 & 20 & 4 & 6 &\_\_\_\\2.00 & 22 & 4 & 6&\_\_\_\end{array}  Quantity Supplied by \text { Quantity Supplied by }
 Price Avery Brandon Cassandra $8.006046___$6.004244___$4.002442___$2.00640___\begin{array}{llll}\text { Price }&\text {Avery }&\text {Brandon }&\text {Cassandra }\\\$ 8.00 & 60 & 4 & 6&\_\_\_ \\\$ 6.00 & 42 & 4 & 4&\_\_\_ \\\$ 4.00 & 24 & 4 & 2&\_\_\_ \\\$ 2.00 & 6 & 4 & 0&\_\_\_\end{array}
Table 3.1 Individual Demand and Supply Schedules
In Table 3.1,if government held the price at $3,


A) The government would be setting an effective price floor.
B) The shortage would be the same as the quantity demanded.
C) There would be a shortage.
D) The market would be in equilibrium.

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