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Exhibit 3-8  Demand and Supply Data for Video Games In Exhibit 3-8, If There Is a Shortage of Video

Question 171

Multiple Choice

Exhibit 3-8  Demand and Supply Data for Video Games  Price  Quantity Demanded  of Video Games  Quantity Supplied  of Video Games $7540090070450850655008006055075055600700506506504570060040750550\begin{array} { | c | c | c | } \hline \text { Price } & \begin{array} { c } \text { Quantity Demanded } \\\text { of Video Games }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { of Video Games }\end{array} \\\hline \$ 75 & 400 & 900 \\70 & 450 & 850 \\65 & 500 & 800 \\60 & 550 & 750 \\55 & 600 & 700 \\50 & 650 & 650 \\45 & 700 & 600 \\40 & 750 & 550 \\\hline\end{array} In Exhibit 3-8, if there is a shortage of video games of 200 units, the current price of video games
Must be:


A) $60.
B) $55.
C) $40.
D) $45.

Correct Answer:

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