What Is the Amount of the Shortage or Surplus in the Market

question 142

Multiple Choice

What is the amount of the shortage or surplus in the market for public transportation when the price ceiling is $1.75? $$\begin{array}{l}\text { Market for Public Transportation }\\\begin{array} { l c c } \hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \\\hline \$ 0.75 & 100,000 & 65,000 \\\$ 1.00 & 92,000 & 80,000 \\\$ 1.25 & 86,000 & 86,000 \\\$ 1.50 & 80,000 & 100,000 \\\$ 1.75 & 75,000 & 115,000 \\\$ 2.00 & 68,000 & 116,000 \\\hline\end{array}\end{array}$$

• A) 100,000
• B) 86,000
• C) 75,000
• D) 40,000
• E) 0 zero)

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Definitions:

Stress

A condition of psychological stress or pressure stemming from difficult or challenging situations.

Symptoms

Physical or mental features indicating a condition or disease, experienced by an individual.

Disease

A disorder of structure or function in a human, animal, or plant, especially one that produces specific symptoms or affects a specific location and is not simply a direct result of physical injury.

Differential Diagnosis

A process by which a doctor distinguishes between diseases with similar symptoms to identify the patient's specific illness.