-Refer to Exhibit 3-1

question 117

Multiple Choice

-Refer to Exhibit 3-1.At a price of $6 there is a

• A) surplus of 100 units.
• B) surplus of 150 units.
• C) surplus of 200 units.
• D) shortage of 150 units.
• E) shortage of 200 units.

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Definitions:

Personal ties

Relationships between individuals that are based on emotional bonds, shared experiences, or mutual interests.

Divorce

The legal dissolution of a marriage by a court or other competent body, officially ending the relationship.

Divorce rates

The statistical measure of the number of divorces occurring within a defined population during a given time period.

Stepchildren

Children of one's spouse from a previous relationship.