Exhibit 4-1

-If the price of the good described in Exhibit 4-1 is $1.40, then there is a

Name: Exhibit 4-1 -If the price of the good described in Exhibit 4-1 is $1.40, then there is a
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Question

Exhibit 4-1
  
-If the price of the good described in Exhibit 4-1 is $1.40, then there is a

Quizplus · Accepted Answer

From the exhibit, we can see that at a price of $1.40, the quantity demanded is 80 units and the quantity supplied is 50 units. This means there is a shortage of 80-50=30 units. Therefore, the correct answer is A) shortage of 30 units.

Exhibit 4-1 -If the Price of the Good Described in Exhibit 4-1