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Complete Table 3 Quantity Supplied By A) Be in Equilibrium

Question 91

Multiple Choice

Complete Table 3.1.Then answer the indicated question. Table 3.1 Individual Demand and Supply Schedules In Table 3.1, if the price is $8, the market will
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} \\\hline \$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
 Price  Avery  Brandon  Cassandra $8.006046___$6.004244___$4.002442___$2.00640___\begin{array}{lccc}\text { Price } & \text { Avery } & \text { Brandon } & \text { Cassandra } \\\hline \$ 8.00 & 60 & 4 & 6 &\_\_\_\\\$ 6.00 & 42 & 4 & 4&\_\_\_ \\\$ 4.00 & 24 & 4 & 2 &\_\_\_\\\$ 2.00 & 6 & 4 & 0&\_\_\_\\\end{array}


A) Be in equilibrium.
B) Experience a surplus of 30 units.
C) Experience a shortage of 22 units.
D) Experience a surplus of 56 units.

Correct Answer:

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