Multiple Choice
Use the following to answer questions: Table: Equilibrium Price, Quantity
-(Table: Equilibrium Price, Quantity) Refer to the table. If the price in the market was $12, there would be a:
A) shortage of 10 units.
B) shortage of 45 units.
C) surplus of 10 units.
D) surplus of 35 units.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: Suppose there is an increase in demand
Q69: How is a class in which students
Q102: Figure: Price Adjustment <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3378/.jpg" alt="Figure: Price
Q107: The September 11 terrorist attacks turned many
Q148: In a market, the equilibrium condition is
Q174: When you move along a demand curve:<br>A)
Q196: Use the following to answer questions:<br>Figure: Price
Q197: When the price of a good decreases:<br>A)
Q241: Use the following to answer questions:<br>Figure: Basic
Q255: If a market has a surplus, how