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    Exam 3: Demand and Supply
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    -In the Above Figure, If the Price Is Equal to $40
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-In the Above Figure, If the Price Is Equal to $40

Question 171

Question 171

Multiple Choice

  -In the above figure, if the price is equal to $40, there is A)  a surplus of 50 units. B)  a shortage of 100 units. C)  an excess quantity demanded of 50 units. D)  an excess quantity supplied of 100 units.
-In the above figure, if the price is equal to $40, there is


A) a surplus of 50 units.
B) a shortage of 100 units.
C) an excess quantity demanded of 50 units.
D) an excess quantity supplied of 100 units.

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