-Refer to the Above Table

question 124

Multiple Choice

-Refer to the above table. At a price of $450, there is an

• A) equilibrium.
• B) excess quantity supplied of 4,000 tablets.
• C) excess quantity demanded of 6,000 tablets.
• D) excess quantity demanded of 9,000 tablets.

---

Definitions:

Government Expenditures

Spending by the government sector including consumption, investment, transfer payments, and net exports.

1940s

A decade marked by significant global events including World War II and the beginning of the Cold War.

Recession 2008-2009

A significant decline in economic activity spread across the economy, lasting more than a few months, during the late 2000s.

Housing Prices

The cost of purchasing residential property, which can fluctuate based on factors like location, demand, and economic conditions.