A graph shows Quantity on the horizontal axis and Price in dollars on the vertical axis. The horizontal axis is numbered from 0 to 350 with 150 as the interval. The vertical axis is numbered from 0 to 6 with 2 as the interval. The identified points along D have the following coordinates: (350,2) The identified points along S have the following coordinates: (350,6) Which of the following is true when price is $2? O surplus of 200 units. O shortage of 100 units. O shortage of 150 units. h O shortage of 200 units. (150,6) (250,4) (150,2) (250,4)
A graph shows Quantity on the horizontal axis and Price in dollars on the vertical axis. The horizontal axis is numbered from 0 to 350 with 150 as the interval. The vertical axis is numbered from 0 to 6 with 2 as the interval. The identified points along D have the following coordinates: (350,2) The identified points along S have the following coordinates: (350,6) Which of the following is true when price is $2? O surplus of 200 units. O shortage of 100 units. O shortage of 150 units. h O shortage of 200 units. (150,6) (250,4) (150,2) (250,4)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![A graph shows Quantity on the horizontal axis and Price in dollars on the vertical axis. The
horizontal axis is numbered from 0 to 350 with 150 as the interval. The vertical axis is
numbered from 0 to 6 with 2 as the interval.
The identified points along D have the following coordinates:
(350,2)
The identified points along S have the following coordinates:
(350,6)
Which of the following is true when price is $2?
O surplus of 200 units.
O shortage of 100 units.
O shortage of 150 units.
h
O shortage of 200 units.
(150,6) (250,4)
(150,2) (250,4)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffdd36739-4e12-4b7d-884f-206d57decd6c%2F5afe77a8-51eb-4873-a884-b53e0905a974%2Fumlt1o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A graph shows Quantity on the horizontal axis and Price in dollars on the vertical axis. The
horizontal axis is numbered from 0 to 350 with 150 as the interval. The vertical axis is
numbered from 0 to 6 with 2 as the interval.
The identified points along D have the following coordinates:
(350,2)
The identified points along S have the following coordinates:
(350,6)
Which of the following is true when price is $2?
O surplus of 200 units.
O shortage of 100 units.
O shortage of 150 units.
h
O shortage of 200 units.
(150,6) (250,4)
(150,2) (250,4)
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