Complete Table 3 Quantity Supplied By A) Be in Equilibrium

question 89

Multiple Choice

Complete Table 3.1.Then answer the indicated question. Table 3.1 Individual Demand and Supply Schedules In Table 3.1, if the price is $2, the market will
Quantity Demanded by
$\begin{array}{rccc}\text { Price } & \text { Alejandro } & \text { Ben } & \text { Carl } & \text { Market} \\\hline \$8.00& 8 & 4 & 2 &\_\_\_\\6.00 & 12 & 4 & 4 &\_\_\_\\4.00 & 20 & 4 & 6 &\_\_\_\\2.00 & 22 & 4 & 6&\_\_\_\\\end{array}$ Quantity Supplied by
$\begin{array}{lccc}\text { Price } & \text { Avery } & \text { Brandon } & \text { Cassandra } \\\hline \$ 8.00 & 60 & 4 & 6 &\_\_\_\\\$ 6.00 & 42 & 4 & 4&\_\_\_ \\\$ 4.00 & 24 & 4 & 2 &\_\_\_\\\$ 2.00 & 6 & 4 & 0&\_\_\_\\\end{array}$

• A) Be in equilibrium.
• B) Experience a surplus of 30 units.
• C) Experience a shortage of 22 units.
• D) Experience a surplus of 56 units.

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Definitions:

Short-Term Memory

The component of memory where small amounts of information can be stored for a short period of time, typically seconds to minutes.

Prefrontal Cortex

A region of the frontal lobe of the brain involved in decision making, planning, and personality expression.

Hippocampus

A critical brain structure involved in the formation of new memories and is also associated with learning and emotions.

Amnesia

A condition characterized by a partial or total loss of memory.