Solved

Table 3-C -Refer to Table 3-C

Question 245

Multiple Choice

Table 3-C
 PRICE music downloads  QUANTITY DEMANDED  music downloads  QUANTITY SUPPLIED  music downloads  $2.00 1,000,000 urits 5,500,000 urits 1.802,000,000 units 5,00,000 units 1.603,000,000 units 4,50,000 units 1.404,000,000 units 4,000,000 units 1.205,000,000 units 3,500,000 units 1.006,000,000 units 3,000,000 units 0.807,000,000 units 2,500,000 units 0.658,000,000 units 2,000,000 units 0.409,000,000 units 1,500,000 units 0.2010,000,000 units 1,000,000 units \begin{array} { | c | c | c | } \hline \text { PRICE music downloads } & \begin{array} { c } \text { QUANTITY DEMANDED } \\\text { music downloads }\end{array} & \begin{array} { c } \text { QUANTITY SUPPLIED } \\\text { music downloads }\end{array} \\\hline \text { \$2.00 } & 1,000,000 \text { urits } & 5,500,000 \text { urits } \\\hline 1.80 & 2,000,000 \text { units } & 5,00,000 \text { units } \\\hline 1.60 & 3,000,000 \text { units } & 4,50,000 \text { units } \\\hline 1.40 & 4,000,000 \text { units } & 4,000,000 \text { units } \\\hline 1.20 & 5,000,000 \text { units } & 3,500,000 \text { units } \\\hline 1.00 & 6,000,000 \text { units } & 3,000,000 \text { units } \\\hline 0.80 & 7,000,000 \text { units } & 2,500,000 \text { units } \\\hline 0.65 & 8,000,000 \text { units } & 2,000,000 \text { units } \\\hline 0.40 & 9,000,000 \text { units } & 1,500,000 \text { units } \\\hline 0.20 & 10,000,000 \text { units } & 1,000,000 \text { units } \\\hline\end{array}
-Refer to Table 3-C.At $1.80 there is a ____ of ____ downloads.


A) shortage; 3,000,000
B) shortage; 7,000,000
C) surplus; 7,000,000
D) surplus; 3,000,000
E) None of the above are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents