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Table 43 -The Table Below Shows the Quantity Supplied and the Quantity

Question 89

Multiple Choice

Table 4.3
 Price ($)   Quantity demanded  Quantity supplied 1.0100101.2090301.4080501.5070701.606090\begin{array} { | c | c | c | } \hline \text { Price (\$) } & \text { Quantity demanded } & \text { Quantity supplied } \\\hline 1.0 & 100 & 10 \\\hline 1.20 & 90 & 30 \\\hline 1.40 & 80 & 50 \\\hline 1.50 & 70 & 70 \\\hline 1.60 & 60 & 90 \\\hline\end{array}
-The table below shows the quantity supplied and the quantity demanded of a good at different prices. If the market price of the good is $1.20, there will be a _____.


A) shortage of 30 units.
B) surplus of 30 units.
C) shortage of 60 units.
D) surplus of 60 units.
E) surplus of 20 units.

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