FIGURE 3- 4 -Refer to Figure 3- 4. If the Price of 1-

question 59

Multiple Choice

FIGURE 3- 4
-Refer to Figure 3- 4. If the price of 1- bedroom apartments in Collegetown were $300, there would be a of apartments.

• A) surplus; 100
• B) shortage; 50
• C) shortage; 100
• D) surplus; 150
• E) surplus; 50