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    Business
  3. Study Set
    Principles of Microeconomics Study Set 4
  4. Exam
    Exam 2: Demand and Supply: An Introduction
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Question 20

Question 20

Multiple Choice

  -Refer to the information above to answer this question.What is the effect if price is currently $5? A) There is a surplus of 20. B) There is a shortage of 20. C) The quantity supplied is 80 D) The quantity traded is 80.
-Refer to the information above to answer this question.What is the effect if price is currently $5?


A) There is a surplus of 20.
B) There is a shortage of 20.
C) The quantity supplied is 80
D) The quantity traded is 80.

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