Exhibit 4-6 -Refer to the Exhibit

question 82

Multiple Choice

Exhibit 4-6
$$\begin{array} { r c c } \hline \text { Price } & \begin{array} { c } \text { Quantity } \\\text { demanded }\end{array} & \begin{array} { c } \text { Quantity } \\\text { supplied }\end{array} \\\hline \$ 1.00 & 100 & 10 \\1.20 & 90 & 30 \\1.40 & 80 & 50 \\1.50 & 70 & 70 \\1.60 & 60 & 90 \\\hline\end{array}$$
-Refer to the exhibit.Suppose the price of the good is $1.50.Is there a shortage or a surplus, and by what amount?  

• A) There is a shortage of 70 units. 
• B) There is a surplus of 70 units. 
• C) There is no shortage; the market is in equilibrium. 
• D) There is a surplus of 140 units.

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Definitions:

Ejaculation

The expulsion of semen from the male reproductive tract as a result of an orgasm.

Emission

The first stage of ejaculation, in which sperm and semen are propelled into the urethral bulb.

Sperm

Male reproductive cells responsible for fertilization of the female ovum, leading to pregnancy.

Gender

A social and cultural construct that distinguishes roles, behaviors, activities, and attributes considered appropriate for men and women in society.