Exhibit 4-6 -Refer to the Exhibit

question 6

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 $1.20.Is there a shortage or a surplus, and by what amount?  

• A) a shortage, 30 units 
• B) a surplus, 30 units 
• C) a shortage, 60 units 
• D) a surplus, 60 units

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Definitions:

Pessimistic Explanatory Style

A cognitive approach characterized by attributing negative events to stable, internal, and global factors, leading to a general expectation of negative outcomes.

Spring Break

A recess in early spring at universities and schools in various countries, often associated with travel and leisure activities for students.

Agreeableness

A personality trait that describes the extent to which a person is kind, cooperative, and sympathetic towards others.

Social Support

A network of family, friends, and peers that provides emotional, informational, and instrumental assistance.