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Tragamin Tragamin
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6 years ago
Figure 4.2.2
   The Market for Robotic Rubber Ducks

Price

   Quantity
Demanded
   Quantity
Supplied


$ 40
$ 50
$ 60
$ 70
$ 80
$ 90
$100   500
450
400
350
300
250
200   300
350
400
450
500
550
600

Look at Figure 4.2.2. If the price is set at $80, there is a
A) shortage of 200 and price will rise.
B) shortage of 200 and demand will decrease.
C) surplus of 200 and demand will increase.
D) surplus of 200 and supply will decrease.
E) surplus of 200 and price will fall.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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