Complete Table 3

question 63

Multiple Choice

Complete Table 3.1. Then answer the indicated question. Table 3.1 Individual Demand and Supply Schedules
In Table 3.1, if the price is $4, the market will

• A) Be in equilibrium.
• B) Experience a surplus of 30 units.
• C) Experience a shortage of 22 units.
• D) Experience a surplus of 56 units.

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Definitions:

Minor Term

In logic, specifically in syllogisms, the term that is the subject of the conclusion.

Syllogism

A form of deductive reasoning consisting of a major premise, a minor premise, and a conclusion, often structured in categorical logic.

Whales

Large marine mammals belonging to the cetacean family, known for their intelligence and often extreme size.

Minor Premise

The second premise in a syllogism, which provides a specific instance that is related to the general assertion made by the major premise.