This Table Shows the Demand and Supply Schedule of a Good

question 58

Multiple Choice

This table shows the demand and supply schedule of a good.
According to the table shown,at a price of $0.50:

• A)quantity demanded exceeds quantity supplied and a shortage exists.
• B)quantity demanded is less than quantity supplied and a shortage exists.
• C)quantity demanded exceeds quantity supplied and a surplus exists.
• D)quantity demanded is less than quantity supplied and a surplus exists.

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