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The Table Shown Depicts the Demand and Supply Schedules of a Good

Question 120

Multiple Choice

The table shown depicts the demand and supply schedules of a good. At a price of $1.00: A) a shortage (excess demand) will exist. B) a surplus (excess supply) will exist. C) more is being supplied than demanded. D) the market is in equilibrium. The table shown depicts the demand and supply schedules of a good. At a price of $1.00:


A) a shortage (excess demand) will exist.
B) a surplus (excess supply) will exist.
C) more is being supplied than demanded.
D) the market is in equilibrium.

Correct Answer:

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