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    Understanding Modern Economics
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    Exam 3: Demand and Supply 
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    Table 3.3 -According to Table 3.3, at a Price of $16 Per
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Table 3.3 -According to Table 3.3, at a Price of $16 Per

Question 23

Question 23

Multiple Choice

Table 3.3
Table 3.3    -According to Table 3.3, at a price of $16 per CD, there is A)  a surplus of 4500 CDs. B)  a surplus of 3000 CDs. C)  a shortage of 3000 CDs. D)  a shortage of 1500 CDs.
-According to Table 3.3, at a price of $16 per CD, there is


A) a surplus of 4500 CDs.
B) a surplus of 3000 CDs.
C) a shortage of 3000 CDs.
D) a shortage of 1500 CDs.

Correct Answer:

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