Table 4-1 -Refer to the Table 4-1

question 45

Multiple Choice

Table 4-1
$$\begin{array} { l | l | l } \hline \text { PRICE } & \text { QUANTITY DEMANDED } & \text { QUANTITY SUPPLIED } \\\hline \$ 10 & 10 & 60 \\\hline \$ 8 & 20 & 45 \\\hline \$ 6 & 30 & 30 \\\hline \$ 4 & 40 & 15 \\\hline \$ 2 & 50 & 0\end{array}$$
-Refer to the Table 4-1.If the price were $2,what would happen?

• A)A shortage of 25 units would exist and the price would tend to fall.
• B)A surplus of 50 units would exist and the price would tend to rise.
• C)A surplus of 25 units would exist and the price would tend to fall.
• D)A shortage of 50 units would exist and the price would tend to rise.

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Team

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Facilitative Approach

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