Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
whipped whipped
wrote...
Go to Answer
Posts: 560
Rep: 0 0
6 years ago
At a price of $1 per table, the quantity supplied of tables is 100 units whereas the quantity demanded is 70 units. Given this information, which of the following statements is true?
A) $1 per table is the equilibrium price.
B) $1 per table is the market clearing price.
C) At $1 per table, there is a surplus in the market.
D) At $1 per table, there is a shortage in the market.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
Read 97 times
1 Reply
Replies
Answer verified by a subject expert
SudzburySudzbury
wrote...
#1
Top Poster
Posts: 542
Rep: 16 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
University of Kansas Alumni

Related Topics

whipped Author
wrote...

6 years ago
Good timing, thanks!
Mcb
wrote...

Yesterday
Thanks
ouasfoudgewu
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1380 People Browsing
 105 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 252
  
 75
  
 99
Your Opinion
Which is the best fuel for late night cramming?
Votes: 145
Previous poll results: Who will win the 2024 president election?