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    Essentials of Economics Study Set 2
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    Exam 3: The Market at Work: Supply and Demand
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    Refer to the Table Below
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Refer to the Table Below

Question 10

Question 10

Multiple Choice

Refer to the table below.If the price of this good is $2.00,there would be a ________ of ________ units.
Refer to the table below.If the price of this good is $2.00,there would be a ________ of ________ units.   A)  shortage; 20 B)  surplus; 50 C)  shortage; 30 D)  surplus; 30 E)  surplus; 20


A) shortage; 20
B) surplus; 50
C) shortage; 30
D) surplus; 30
E) surplus; 20

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