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Complete Table 3 \quad \quad \quad \quad

Question 97

Multiple Choice

Complete Table 3.1.Then answer the indicated question. Table 3.1 Individual Demand and Supply Schedules In Table 3.1, if government held the price at $3,
\quad \quad \quad \quad \quad Quantity Demanded by\text {Quantity Demanded by}

 Price  Alejandro  Ben  Carl  Market $8.008426.0012444.0020462.002246\begin{array}{cc}\text { Price } & \text { Alejandro } &\text { Ben } & \text { Carl }&\text { Market }\\ \$ 8.00 & 8 & 4 & 2&\underline{\quad\quad} \\6.00 & 12&4 & 4&\underline{\quad\quad} \\4.00 & 20 &4 & 6&\underline{\quad\quad} \\2.00 & 22&4 & 6 &\underline{\quad\quad} \end{array}
\quad \quad \quad  Quantity Supplied by \text { Quantity Supplied by }
 Price  Avery  Brandon  Cassandra $8.006046$6.004244$4.002442$2.00640\begin{array}{lcccc}\text { Price } & \text { Avery } & \text { Brandon } & \text { Cassandra } \\\$8.00 & 60 & 4 & 6 &\underline{\quad\quad} \\\$ 6.00 & 42 & 4 & 4&\underline{\quad\quad} \\\$ 4.00 & 24 & 4 & 2&\underline{\quad\quad} \\\$ 2.00 & 6 & 4 & 0&\underline{\quad\quad} \end{array}


A) The government would be setting an effective price floor.
B) The shortage would be the same as the quantity demanded.
C) There would be a shortage.
D) The market would be in equilibrium.

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