Table 43 -The Table Given Below Shows the Quantity Supplied and the |

question 198

Multiple Choice

Table 4.3
$$\begin{array} { | c | c | c | } \hline \text { Price (\$) } & \text { Quantity demanded } & \text { Quantity supplied } \\\hline 1.0 & 100 & 10 \\\hline 1.20 & 90 & 30 \\\hline 1.40 & 80 & 50 \\\hline 1.50 & 70 & 70 \\\hline 1.60 & 60 & 90 \\\hline\end{array}$$
-The table given below shows the quantity supplied and the quantity demanded of a good at different prices. If the price of the good described in the table below is $1.60, then an economist would expect the _____

• A) price to decrease to $1.40.
• B) price to decrease to $1.50.
• C) quantity supplied to decrease to 30 units.
• D) quantity demanded to increase to 90 units.
• E) quantity demanded to decrease to 50 units.

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Definitions:

Patient Problem Areas

Pertains to the specific issues or conditions that a patient is experiencing which require medical or psychological attention.

Diagnosis

The identification of the nature and cause of a certain phenomenon, typically in the context of medical conditions through the assessment of symptoms and diagnostic tests.

Economic Cost

Economic cost refers to the total expenses incurred in the production of a good or service, including both explicit (monetary payments) and implicit (opportunity costs) components.

Billions

A numerical value representing one thousand million (1,000,000,000) or, in the British system, one million million (1,000,000,000,000).