Multiple Choice
FIGURE 3-4 Refer to Figure 3-4.If the price of 1-bedroom apartments in Collegetown were $600,there would be a ________ of ________ apartments.
A) surplus; 100
B) shortage; 50
C) shortage; 100
D) surplus; 50
E) surplus; 150
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q38: In a market for a good or
Q39: What is a "normal" good?<br>A)a good that
Q40: Which of the following could lead to
Q41: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 3-3 Refer
Q42: A surplus exists in the market when<br>A)the
Q44: Suppose that the demand curves for goods
Q45: The supply and demand schedules for dozens
Q46: Suppose that the demand curves for goods
Q47: Which of the following pairs of goods
Q48: An improvement in the technology used to