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What Is the Amount of the Shortage or Surplus in the Market

Question 1

Multiple Choice

What is the amount of the shortage or surplus in the market for public transportation when the price ceiling is $1.75?
What is the amount of the shortage or surplus in the market for public transportation when the price ceiling is $1.75? A) 100,000 B) 86,000 C) 75,000 D) 40,000 E) 0 (zero)


A) 100,000
B) 86,000
C) 75,000
D) 40,000
E) 0 (zero)

Correct Answer:

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