-In the Graph Shown Above at a Price of $38

question 233

Multiple Choice

-In the graph shown above at a price of $38

• A)there is a surplus.
• B)there is a shortage.
• C)quantity demanded is greater than quantity supplied.
• D)there is a shortage and quantity demanded is greater than quantity supplied,but there is not a surplus.
• E)there is a surplus and quantity demanded is greater than quantity supplied,but there is not a shortage.

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Definitions:

Following Series

A sequence of numbers or items arranged according to a specific rule or pattern, with each element derived based on the preceding ones.

Miles Per Gallon

A measure of fuel economy that represents the number of miles a vehicle can travel on one gallon of fuel.

Gallons

A unit of volume in the US customary and imperial systems, used to measure liquids. One US gallon is equal to approximately 3.785 liters.

Regular Employees

Individuals who are employed by a company on a permanent basis, typically working a standard work week.