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Refer to Table 3-1 ?
A) There Will Be a Surplus

Question 42

Multiple Choice

Refer to Table 3-1. Given this data, if the price of CD players is €200, ?
 Table 3-1  QUANTITY  QUANTITY  DEMANDED  SUPPLIED  PRICE  (units per week)   (units per week)  1001000100150900300200800500250600600300300650\begin{array}{l}\text { Table 3-1 }\\\begin{array}{|l|l|l|}\hline & \text { QUANTITY } & \text { QUANTITY } \\\hline & \text { DEMANDED } & \text { SUPPLIED } \\\hline\underline { \text { PRICE }} & \underline {\text { (units per week) }} & \underline {\text { (units per week) }} \\\hline € 100 & 1000 & 100 \\\hline € 150 & 900 & 300 \\\hline € 200 & 800 & 500 \\\hline € 250 & 600 & 600 \\\hline € 300 & 300 & 650 \\\hline\end{array}\end{array}
?


A) there will be a surplus.
B) there will be a shortage.
C) the market is in equilibrium.
D) the supply will increase.

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