The Table Given Below Shows the Quantity Supplied and the Quantity

question 8

Multiple Choice

The table given below shows the quantity supplied and the quantity demanded for a good at different prices.If the price of the good described in the table given below is $1.50,then:​ ​
Table 4.1
​

• A)there is a shortage in the market.
• B)there is a surplus in the market.
• C)the market is in equilibrium.
• D)the supply of the good increases by 30 units.
• E)the demand for the good increases by 30 units.

---

Definitions:

Interpersonal Competencies

The set of skills that enable an individual to communicate and interact effectively with others in various contexts.

Effective Teams

These are groups of individuals who work together cohesively towards a common goal, achieving high levels of productivity and success.

Team Norms

Agreed-upon behaviors or standards within a team that guide the actions and interactions of its members.

Operational Norms

Established standards or expectations that dictate the behavior, procedures, and performance of members within an organization during daily operations.