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Table 3-3 -In Table 3-3,at a Price of $8 Per Unit

Question 120

Multiple Choice

Table 3-3
Table 3-3 -In Table 3-3,at a price of $8 per unit, A) a surplus of 100 units will exist on the market. B) a shortage of 80 units will exist on the market. C) there will be no tendency for the market to approach a stable equilibrium. D) consumers will continue to bid prices upward.
-In Table 3-3,at a price of $8 per unit,

A) a surplus of 100 units will exist on the market.
B) a shortage of 80 units will exist on the market.
C) there will be no tendency for the market to approach a stable equilibrium.
D) consumers will continue to bid prices upward.

Correct Answer: