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Refer to the Above Table

Question 296

Multiple Choice

 Price Per Unit  Quantity Demanded Per Year  Quantity Supplied Per Year $52,0000101,800300151,600600201,400900251,2001,200301,0001,500\begin{array} { | c | c | c | } \hline \text { Price Per Unit } & \text { Quantity Demanded Per Year } & \text { Quantity Supplied Per Year } \\\hline \$ 5 & 2,000 & 0 \\\hline 10 & 1,800 & 300 \\\hline 15 & 1,600 & 600 \\\hline 20 & 1,400 & 900 \\\hline 25 & 1,200 & 1,200 \\\hline 30 & 1,000 & 1,500 \\\hline\end{array} Refer to the above table. At a price of $15 per unit, which of the following would exist?


A) a shortage of 1,600 units
B) a surplus of 1,000 units
C) a shortage of 1,000 units
D) a surplus of 600 units

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