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The Table Given Below Reports the Quantity Demanded and Supplied

Question 26

Multiple Choice

The table given below reports the quantity demanded and supplied of a commodity in a market at different price levels.
Table 3.4
The table given below reports the quantity demanded and supplied of a commodity in a market at different price levels. Table 3.4 -Refer to Table 3.4.In the market represented by this table,at equilibrium: A) the market price is $5 per unit. B) there is a surplus of 900 units. C) there is a shortage of 900 units. D) 900 units are traded at a price of $3 per unit. E) the market price is $1 per unit and the quantity traded is 500 units.
-Refer to Table 3.4.In the market represented by this table,at equilibrium:


A) the market price is $5 per unit.
B) there is a surplus of 900 units.
C) there is a shortage of 900 units.
D) 900 units are traded at a price of $3 per unit.
E) the market price is $1 per unit and the quantity traded is 500 units.

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