Exhibit 4-1 -If the Price of the Good Described in Exhibit 4-1

question 148

Multiple Choice

Exhibit 4-1

-If the price of the good described in Exhibit 4-1 is $1.20, then there is a

• A)shortage of 30 units
• B)surplus of 30 units
• C)shortage of 60 units
• D)surplus of 60 units
• E)surplus of 20 units

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Definitions:

Old Northwest

A historical term referring to the region of the United States northwest of the Ohio River, encompassing states like Ohio, Indiana, Illinois, Michigan, Wisconsin, and parts of Minnesota.

Battlefield Resistance

Acts of defiance or opposition by military forces or insurgents during engagements or conflicts on a battlefield.

Sauk

A Native American tribe traditionally located in the Midwestern United States, notably involved in the Black Hawk War against the United States in 1832.

A Son of the Forest

An autobiographical work published in 1829 by William Apess, a Pequot author, which is among the first autobiographies written by a Native American.