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NNF1024 NNF1024
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A year ago
The table shows the quantity of office space that is demanded and supplied at various prices.
PriceQuantity DemandedQuantity Supplied
1000235.714286172.222222
1250200200
1500164.285714227.777778
1750128.571429255.555556
The government sets a price ceiling at $1500. The price causes a ________ (shortage/surplus) of ________.

▸ shortage, 63.4920635

▸ surplus, 63.4920635

▸ shortage, 0

▸ surplus, 164.285714
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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bknyc123bknyc123
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A year ago
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