Multiple Choice
FIGURE 3-4 Refer to Figure 3-4.If the price of 1-bedroom apartments in Collegetown were $1400,there would be a ________ of ________ apartments.
A) surplus; 150
B) shortage; 300
C) shortage; 150
D) surplus; 300
E) surplus; 100
Correct Answer:

Verified
Correct Answer:
Verified
Q129: Choose the best description of an "equilibrium
Q130: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 3-5 Refer
Q131: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 3-5 Refer
Q132: The supply and demand schedules for the
Q133: Suppose that in Montreal in December,2018,10 000
Q135: Suppose that a newer way to produce
Q136: In which statement is the term "supply"
Q137: The supply and demand schedules for the
Q138: Suppose that supply for some good increases
Q139: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 3-5 Refer