Table: Supply and Demand Schedule In the Table, a Surplus Occurs at a Price ________

question 217

Multiple Choice

Table: Supply and Demand Schedule $$\begin{array} { c c c } \hline \text { Price per Unit } & \text { Quantity Demanded } & \text { Quantity Supplied } \\\hline \$ 17 & 80 & 97 \\\$ 15 & 88 & 88 \\\$ 13 & 96 & 79 \\\$ 11 & 104 & 71 \\\hline\end{array}$$ In the table, a surplus occurs at a price ________, and a shortage occurs at a price _________.

• A) of $17; below $15
• B) of $15; above $15
• C) above $15; of $15
• D) above $11; below $17

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Definitions:

Sutherland's Theory

A criminology theory, also known as Differential Association Theory, which posits that criminal behavior is learned through social interactions with others.

Deterrence Doctrine

A theory that argues that the threat of punishment can prevent people from committing crimes.

Certainty

The level of assurance or confidence that an event will occur or a statement is true.

Swiftness

The quality of moving quickly or the ability to act or respond in a fast manner.