Multiple Choice
The table given below shows the quantity supplied and the quantity demanded for a good at different prices.If the price of the good described in the table given below is $1.50,then:
Table 4.1
A) there is a shortage in the market.
B) there is a surplus in the market.
C) the market is in equilibrium.
D) the supply of the good increases by 30 units.
E) the demand for the good increases by 30 units.
Correct Answer:
Verified
Correct Answer:
Verified
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