Use the Following to Answer Questions

question 65

Multiple Choice

Use the following to answer questions:
Figure: Price and Quantity 1
-(Figure: Price and Quantity 1) In the diagram, at a price of $80, the quantity demanded is ______, the quantity supplied is ______, and there is ______.

• A) 20; 80; a surplus of 60 units
• B) 80; 20, a surplus of 60 units
• C) 80; 20, a shortage of 60 units
• D) 20; 20; no surplus or shortage

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Definitions:

Share Draft Account

A type of checking account in credit unions that allows the account holder to access funds through checks (drafts) or electronic means.