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Use the Figure Below to Answer the Following Questions

Question 93

Multiple Choice

Use the figure below to answer the following questions. Use the figure below to answer the following questions. Figure 3.4.2 -At a price of $4 a unit in Figure 3.4.2, A) the equilibrium quantity is 400 units. B) there is a surplus of 200 units. C) the quantity supplied is 400 units. D) there is a shortage of 200 units. E) the quantity demanded is 200 units. Figure 3.4.2
-At a price of $4 a unit in Figure 3.4.2,


A) the equilibrium quantity is 400 units.
B) there is a surplus of 200 units.
C) the quantity supplied is 400 units.
D) there is a shortage of 200 units.
E) the quantity demanded is 200 units.

Correct Answer:

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