-According to the above table, at a price of $1 per unit, which of the following would exist?
A) a shortage of 800 units
B) a surplus of 800 units
C) a surplus of 200 units
D) a shortage of 200 units

Question

-According to the above table, at a price of $1 per unit, which of the following would exist?
A) a shortage of 800 units 
B) a surplus of 800 units 
C) a surplus of 200 units 
D) a shortage of 200 units

Quizplus · Accepted Answer

At a price of $1 per unit, if the quantity demanded exceeds the quantity supplied, there is a shortage. The difference between the higher demand and lower supply at this price point results in a shortage of 800 units.

-According to the Above Table, at a Price of $1