-Using the data in the table above,if the price of a stapler is $8,then there is a ________ of staplers and the quantity of staplers demanded ________ the quantity of staplers supplied.
A) surplus; is greater than
B) surplus; is less than
C) shortage; is greater than
D) shortage; is less than
E) neither a surplus nor a shortage; equals

Question

-Using the data in the table above,if the price of a stapler is $8,then there is a ________ of staplers and the quantity of staplers demanded ________ the quantity of staplers supplied.
A) surplus; is greater than 
B) surplus; is less than 
C) shortage; is greater than 
D) shortage; is less than 
E) neither a surplus nor a shortage; equals

Quizplus · Accepted Answer

A surplus occurs when the quantity supplied exceeds the quantity demanded. If the price of a stapler is $8, the quantity of staplers demanded is less than the quantity supplied, indicating a surplus.

-Using the Data in the Table Above,if the Price of a Stapler