-Refer to the information above to answer this question.Which of the following would be true if the price level was 190?
A)There would be a surplus of goods and services of 200.
B)There would be a shortage of goods and services of 200.
C)Prices would fall.
D)Equilibrium exists.
E)Aggregate supply will rise.

Question

-Refer to the information above to answer this question.Which of the following would be true if the price level was 190?
A)There would be a surplus of goods and services of 200. 
B)There would be a shortage of goods and services of 200. 
C)Prices would fall. 
D)Equilibrium exists. 
E)Aggregate supply will rise.

Quizplus · Accepted Answer

At a price level of 190, if there is a shortage of goods and services of 200, it means that the quantity demanded exceeds the quantity supplied by 200 units, indicating a shortage situation.

-Refer to the Information Above to Answer This Question