10 6. 100 200 300 400 500 600 Quantity At a price of $4 in the above figure Select one: Oa. there is a surplus of 200 units. O b. there is a shortage of 200 units. O c. the quantity supplied is 400 units. O d. the equilibrium quantity is 400 units. 8. 4. 2) Price (dollars)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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10
tof
8.
estion
4.
2.
100
200
300
400
500600
Quantity
At a price of $4 in the above figure
Select one:
O a. there is a surplus of 200 units.
O b. there is a shortage of 200 units.
Oc. the quantity supplied is 400 units.
O d. the equilibrium quantity is 400 units.
Price
N 期 拼拼
Transcribed Image Text:10 tof 8. estion 4. 2. 100 200 300 400 500600 Quantity At a price of $4 in the above figure Select one: O a. there is a surplus of 200 units. O b. there is a shortage of 200 units. Oc. the quantity supplied is 400 units. O d. the equilibrium quantity is 400 units. Price N 期 拼拼
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